Copper Gains on Supply Tightness, Rising Bets on Fed Rate Cut

Copper edged higher on near-term supply tightness and rising expectations the US Federal Reserve will cut interest rates again next month.

Futures rose to trade around $10,860 a ton on Tuesday, after ending the previous session flat. Confidence in further monetary easing grew after Federal Reserve Governor Christopher Waller advocated for a rate reduction on account of a soft US labor market.