“Markets are still waiting for the trade situation to resolve itself; either the escalations continue, or one party or another breaks the logjam by forwarding new proposals that could see negotiations start and a truce take effect,” INTL FCStone analyst Edward Meir said.
“Some are suggesting that something could happen once the November [US mid-term] elections are over, but we suspect that this will be too long to wait and that a resolution will need to be ‘seen’ by the markets well before then,” he added.
Climbing 1.3% over the afternoon, copper’s three-month...
