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Copper Slides From Record Peak as Dollar Strengthens, Inflation Persists

Copper retreated from its recent record close as persistent inflation concerns and a strengthening dollar dampened demand across major markets. The pullback came as purchasing activity in China slowed, with investors monitoring upcoming diplomatic talks between Beijing and Washington that could influence commodity demand. Inflation expectations have reduced near-term prospects for monetary easing, with central banks globally maintaining cautious holding patterns. They are assessing geopolitical risks to their economic forecasts while the stronger dollar makes copper more costly for international buyers. The metal's retreat marks a reversal from earlier gains that had pushed prices to all-time highs.