Copper prices in Shanghai saw a rise on Monday, thanks to the efforts taken by Beijing to strengthen its stock market. However, the gains in copper prices were limited as there were concerns about possible interest rate hikes by the US Federal Reserve.
The latest measures implemented by the Chinese government to boost the stock market have had a positive impact on copper prices in Shanghai. These measures include steps taken to stabilize the market and encourage investor confidence. As a result, copper prices experienced an upward trend.
Despite this positive development, investors remained cautious due to concerns about potential interest rate hikes by the US Federal Reserve. Higher interest rates could limit economic growth and subsequently impact the demand for copper. As a result, the gains in copper prices were somewhat capped.
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