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Copper slips below $6.4 as markets track US-Iran peace talks
27-May-2026 16:57
Copper futures slipped below $6.4 per pound on Wednesday as investors cautiously monitored developments surrounding a potential US-Iran peace agreement amid continued tensions in the Middle East. Sentiment remained fragile after President Donald Trump said negotiations over a ceasefire and the reopening of the Strait of Hormuz were still ongoing. A stronger US dollar, with the dollar index hovering above 99, further pressured copper prices, while investors awaited key US PCE inflation and GDP data for fresh signals on the Federal Reserve's policy outlook. Global equity markets also remained volatile, with India's Sensex and Nifty ending lower, Japan's Nikkei retreating from record highs, and European shares trading subdued as geopolitical uncertainty continued to cloud investor sentiment.

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