Copper continues its retreat– ING

FXStreetMar 31, 2025 10:16 AM

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Copper continues retreating from a nine-month high amid broader risk-off sentiment, ING’s commodity analysts Warren Patterson and Ewa Manthey note.

Tariffs are bearish for Copper

"Copper continues its retreat from a nine-month high amid broader risk-off sentiment as markets are awaiting the White House’s so-called reciprocal tariffs due on Wednesday. Tariffs are bearish for Copper and other industrial metals in the context of slowing global growth and keeping inflation higher for longer."

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