📈 Business
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Bloomberg
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Copper Posts First Weekly Gain Since Start of Iran War on Peace Hopes
Copper prices rose on Friday, heading for the first weekly gain since the start of the Iran war. The uptick was driven by optimism that US diplomatic efforts to end the Middle East conflict could bear fruit and prevent a slowdown in global growth. The metal had been under pressure throughout the month amid the ongoing conflict.
Copper rose on Friday and was headed for its first weekly gain this month on optimism that US efforts to end the war in Middle East would bear fruit and prevent a slowdown in global growth.