PRECIOUS METALS | Copper Nears Record High Amid Risk Asset Rally

Copper is approaching its highest-ever closing price as traders overlook the ongoing deadlock between the United States and Iran, joining a wider rally in risk assets. Bloomberg posted on X, highlighting the surge in copper prices alongside gains in other metals. The market's optimism comes despite geopolitical tensions, with investors focusing on potential growth opportunities in the commodities sector. This trend reflects a broader appetite for risk, as traders seek to capitalize on favorable market conditions. The rally in metals is part of a larger movement in risk assets, driven by positive sentiment and expectations of economic recovery.