January 25th LME Closing: Metals Rise Across the Board, Copper Futures Give Up Earlier Gains as Dollar Strengthens
London copper futures gave up earlier gains on Thursday as the faster-than-expected economic growth in the United States in the fourth quarter of last year propelled the dollar higher. The first estimate data released by the U.S. Department of Commerce on Thursday showed that the real gross domestic product (GDP) in the fourth quarter of 2023 grew at an annual rate of 3.3%. For the full year of 2023, the U.S. economy grew by 2.5%, accelerating from the 1.9% growth in 2022.

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