Copper Pulls Back from Record High to $14,149/Ton as Market Awaits Fed Signals

Copper prices retreated after hitting record highs, with LME copper once falling to $14,149 per ton. Earlier, U.S. bond market intervention weighed on the dollar, boosting metals; this week, the dollar stabilized, weakening copper's upward momentum. Low inventories, tight spot supply, and insufficient new mine development continue to provide support, while the market is focused on Waller's speech at the Jackson Hole symposium on Friday.