Copper held above $14,000 a ton in the aftermath of the US Treasury's surprise intervention to rein in borrowing costs. The move came after yields on 10-year notes spiked to levels not seen since 2007, prompting concerns across global commodities markets.

Traders are now weighing whether the Treasury's actions will provide lasting relief or simply delay broader economic uncertainty. Market participants noted that while the immediate pressure on copper prices eased, underlying supply chain disruptions and geopolitical tensions continue to support elevated levels.

Analysts from Goldman Sachs and Citigroup expect copper to remain range-bound in the near term, citing mixed signals from Chinese demand and ongoing infrastructure spending initiatives. Meanwhile, London Metal Exchange inventory data showed a modest decline last week, suggesting some restocking activity among industrial consumers.

The Federal Reserve is scheduled to release its latest policy statement later this week, which could further influence trading patterns. For now, market sentiment remains cautiously optimistic as investors monitor both monetary policy developments and real-time supply indicators.