# US Interest Rate Stance Pressures Base Metal Prices - Finimize

> Base metal prices fell on December 19 after the Fed signaled a more cautious path to rate cuts and the dollar index neared a two-year high. Three-month LME copper dropped 1% to $8,942 per metric ton, with aluminium, zinc and nickel also lower.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/26854-us-interest-rate-stance-pressures-base-metal-prices-finimize
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes dollar-priced commodities more expensive for buyers in other currencies, weighing on demand across the commodity complex. The move is a spillover from monetary policy rather than a feed-specific supply shift.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-18 | [Hike in US interest rate to put pressure on ringgit](https://feedsoft.ai/events/63306-hike-in-us-interest-rate-to-put-pressure-on-ringgit.md) | -0.3% | -0.0% |
| DXY | 2022-11-04 | [Fed raises interest rates, USD price skyrockets, gold price plummets](https://feedsoft.ai/events/38983-fed-raises-interest-rates-usd-price-skyrockets-gold-price-plummets.md) | -2.7% | -4.3% |
| DXY | 2018-09-01 | [Rising US real interest rates imply falling real commodity prices](https://feedsoft.ai/events/63460-rising-us-real-interest-rates-imply-falling-real-commodity-prices.md) | +0.4% | -0.4% |
| DXY | 2022-05-04 | [US makes biggest interest rate rise in 22 years](https://feedsoft.ai/events/41310-us-makes-biggest-interest-rate-rise-in-22-years.md) | +0.9% | -0.8% |
| DXY | 2022-12-15 | [Oil prices slid 2% as dollar firms and central banks hike interest rates](https://feedsoft.ai/events/38152-oil-prices-slid-2-as-dollar-firms-and-central-banks-hike-interest-rates.md) | +0.4% | -2.2% |

## Sources

- finimize.com: https://finimize.com/content/us-interest-rate-stance-pressures-base-metal-prices

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.