breaking

Copper Steadies on Middle East Peace Momentum

Copper futures held gains Tuesday as market participants assessed developing negotiations aimed at resolving the three-month conflict in the Middle East. Donald Trump indicated talks with Iran were progressing constructively, though cautioned that military action remained possible if discussions stalled. The potential for a ceasefire agreement buoyed sentiment across commodity markets, with crude oil prices retreating on reduced geopolitical risk premiums. Wheat futures extended losses, reaching their longest decline since January as traders digested the diplomatic developments following a US holiday. Treasury yields fell across the curve, reflecting easing inflation expectations tied to lower energy costs. Market reaction remained volatile, however, as conflicting signals about military posture tempered optimism. Copper's resilience suggested investors anticipate sustained economic activity regardless of the conflict's resolution.