Fed interest rate hike will affect base metal prices

Experts believe that the Fed's hike in interest rates will affect the metals market and generate significant changes in the future. The Fed's monetary policy is expected to lead to uncertainty in metals prices over the next two years.

According to the report, the Fed (Federal Reserve System) raised interest rates for the fourth time since December 2015. The Fed's decision helped push the dollar stronger, but metal prices faced pressure.

For example, gold prices fell after three weeks of continued growth in demand after the US central bank raised interest rates.