(Bloomberg) Copper powered through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Groups Inc. warned of intensifying supply stress.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountS&P 500 Extends Gains in Final Minutes of Trading: Markets W
Metals joined a wider rally in risk assets after soft US jobs data triggered renewed speculation that the Fed will move to lower rates this year. Copper rose as much as 2.1%, returning to five digits again after a brief period in late April.
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