Copper falls with Fed meeting in focus

Copper prices fell today as the markets are anticipating the developments in the global economy and the US Federal Reserve meeting.

Oil prices surged after the 2 sabotage attacks on Saudi Arabia oil Facilities, which raised the concerns over the global economic growth.

This surge in oil prices will impact oil-consuming countries and households budgets, especially the oil importing countries.

The US FOMC meeting will launch later today, and the decisions will be revealed on Wednesday, with forecasts of a rate cut for the second time this year, amid pressure from President Trump to cut them to zero or below.

As of 14:26 GMT, copper futures (December delivery) fell by 0.5% to $2.628 per pound, with a high of $2.747 and a low of $2.606.