Copper futures ended up on Friday, buoyed by weaker dollar which makes dollar-priced metals cheaper for non-US investors. The US dollar was at its lowest level since late September against a currency basket, still under pressure after the minutes from the latest US Federal Reserve policy meeting highlighted concern among some board members over persistently low inflation.
Copper futures for December delivery picked up 1 percent to settle at $3.169 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended up 0.6 percent at $7,002 a metric ton.
Get Trading Tips So Click Here >> https://goo.gl/5HW7RT Or Give A Missed Call@9713040450 And Subscribe This Page >> https://www.facebook.com/capitalliferesearch.
No comments:
Post a Comment