Copper rebounds on renewed trade talk optimism

Copper prices rose today, to regain footing after the recent losses, as markets' hopes were renewed about the trade talks between the US and China.

Multiple news agencies reported yesterday that communication between the US and China are still going to resolve the major hurdles that hinder signing of the phase one of the trade deal.

Which came despite President Trump's remarks earlier this week that a trade agreement with China might have until after the presidential election in 2020.

While some experts still have concerns about the chances for the phase one of the trade agreement between the US and China being secured before the date for the US planned tariffs hike on Chinese good in Dec.15.

As for trading, copper futures (March delivery), rose ny 0.5% to $2.673 per pound as of 14:18 GMT, and hit an intraday high of $2.676 and a low of $2.653.