With the US dollar weakening and hot money flowing in, copper prices hit a record high. Summary: Due to strong demand expectations and a weakening dollar, copper prices reached an all-time high, exceeding $14,000 per metric ton. Speculative trading drove a sharp increase in copper prices, although analysts warned that high prices could suppress demand. According to BlockBeats, on Thursday, January 29, driven by bullish demand expectations and supported by a softening dollar and geopolitical concerns, buying continued to expand, pushing copper prices to a record high of over $14,000 per metric ton. They ignored warnings from some analysts that high prices would dampen physical demand from industrial consumers, and that current supply and demand fundamentals do not support this price level. The London Metal Exchange benchmark three-month copper surged as much as 7.9% during Asian trading hours, reaching a record high of $14,125 per metric ton. Britannia Global Markets analyst Neil Welsh stated in a report: "Driven by intense speculative trading from bulls, copper experienced its largest single-day gain in years. Investors are flocking into base metals, expecting US economic growth to strengthen, and global spending on data centers, robotics, and electrical infrastructure to increase." The weakening of the US dollar index also supported metal prices. The dollar index is near multi-year lows, making dollar-denominated commodities cheaper for buyers using other currencies. (Jin10)#金价突破5500美元