Can the Fed risk taking the blame for a recession if they add more interest rate hikes after this afternoon? I don't think so. I think we will see "one and done" for the rest of the year. Odds, therefore, suggest higher metals prices going forward. However, copper is looking weaker than zinc and lead based on rising stockpiles.
https://www.kitco.com/news/2022-05-04/Commodities-at-risk-of-reversing-massive-gains-with-wild-run-similar-to-2008-gold-price-to-take-on-2k-Bloomberg-Intelligence.html