Copper Advances as Traders Weigh US-China Deal and Inflation

Industrial metals including copper were higher, as traders weighed the impact of the US-China trade truce against ongoing concerns about inflation and economic growth.

The latest data showed US inflation rose less than forecast in April amid tame prices for clothing and new cars, according to Bureau of Labor Statistics data. The softer-than-expected reading suggests importers and retailers are absorbing some of the extra costs, and imported products sold now had arrived before the tariffs were in effect.