# Copper price resumes rally as Fed rate signals boost industrial metals - MINING.COM

> Copper resumed its rally to an 11-month high after Fed signals of three rate cuts this year weakened the dollar and boosted risk appetite. Goldman Sachs said the copper market remains very tight.

- Date: 2024-03-21 · published 2024-03-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31103-copper-price-resumes-rally-as-fed-rate-signals-boost-industrial-metals-mining
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar supports dollar-priced industrial metals. Copper's move reflects macro and risk sentiment rather than a change in feed-grain supply or demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-31 | [Gold jumps and industrial metals rally as US Fed signals upcoming interest rate cut](https://feedsoft.ai/events/29145-gold-jumps-and-industrial-metals-rally-as-us-fed-signals-upcoming-interest-rate.md) | -0.5% | -1.9% |
| DXY | 2023-12-13 | [Dollar drops as Fed signals coming rate cuts](https://feedsoft.ai/events/8296-dollar-drops-as-fed-signals-coming-rate-cuts.md) | -1.0% | -0.7% |
| DXY | 2025-08-22 | [Commodity Prices Surge As Powell Signals September Fed Rate Cut \| FXEmpire](https://feedsoft.ai/events/23247-commodity-prices-surge-as-powell-signals-september-fed-rate-cut-fxempire.md) | -0.7% | -1.1% |
| DXY | 2023-02-02 | [Copper prices rise as Fed messaging weakens the dollar \| Financial Post](https://feedsoft.ai/events/37237-copper-prices-rise-as-fed-messaging-weakens-the-dollar-financial-post.md) | +1.3% | +2.1% |
| DXY | 2019-10-30 | [Dollar dips as Fed signals pause in rate-cutting cycle](https://feedsoft.ai/events/56773-dollar-dips-as-fed-signals-pause-in-rate-cutting-cycle.md) | +0.1% | +1.0% |

## Sources

- mining.com: https://www.mining.com/web/copper-price-resumes-rally-as-fed-rate-signals-boost-industrial-metals/

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