January 31st LME closing: Metals fluctuate, copper hits one-month high, US employment data pressures the dollar
LME copper prices touched the highest point in a month on Wednesday, as the US dollar fell after labor market data was weaker than expected, with investors betting that this could give the Federal Reserve room to start cutting interest rates. After the release of US ADP data, the US dollar index fell. Copper stocks in LME registered warehouses are at 146,475 tons, down 24% since October, the lowest since September.

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