PRECIOUS METALS | Copper Prices Decline Amid US-Iran Tensions in Persian Gulf

Copper prices experienced a downturn following an exchange of fire between the United States and Iran in the Persian Gulf on Monday. Bloomberg posted on X, highlighting the uncertainty surrounding the ceasefire and the potential for further escalation in the ongoing conflict. This development has contributed to volatility in global markets, as investors remain cautious about the geopolitical tensions and their impact on commodity prices. The situation underscores the fragile nature of international relations in the region and its influence on economic stability.