| London copper held near its lowest in three months on Tuesday, pressured by a firmer U.S. dollar following comments by Federal Reserve officials that have bolstered expectations of a June rate hike. The Fed is on track to raise rates in June or July, and will continue with even more hikes next year given U.S. economic strength, a top Fed official said on Monday.
"In addition to a less accommodative rate environment that should continue to pressure base metals over the short-term, we also suspect that technicals are turning against the group," Ed Meir of INTL FC Stone said in a research note...............................................Full Article: Source
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