Copper Climbs as Traders Weigh Fed Outlook Before Inflation Data

Copper gained as investors await US inflation data that could impact the Federal Reserve’s stance on further interest-rate cuts.

Prices rose as much as 2% on the London Metal Exchange on Wednesday, ahead of the key economic report due Thursday. Several Fed officials are due to speak publicly, with Chicago Fed President Austan Goolsbee saying he expects strong growth and further rate cuts next year.