The price of copper fell to the highest level of the day on Friday. Prices fell more than 1.5 percent on concerns about oversupply and subdued demand in top metals consumer China, where the currency is also weakening. Three-month copper HG1! on the London Metal Exchange fell 1.5% to $9,709
Copper price fell half a percent on Tuesday on a stronger dollar, rising inventories and weak data in the metal’s biggest consumer, China. After the official manufacturing PMI reflected a contraction in May, trade data for the period pointed to a 7.1% annual drop in imports of copper ore turnover
The Copper price fell sharply on Thursday as funds sold their bullish positions on concerns that high interest rates will limit demand for the metal, particularly in China. Copper price on the London Metal Exchange HG1! fell 2.9% to $10,153 a tonne from last week’s record high of $11,104.50. MCX
The Copper price fell for a third consecutive session as profit-taking continued on Thursday and consumers refused to buy at near-record levels. Copper futures fell over five percent on Wednesday, retreating sharply from the record-high 945.90 on May 20th as poor demand in the near term weighed against speculative bets
The economic data for the day is in. The dollar rose yesterday after data showed US import prices rose 0.9% last month, adding to market fears that the Federal Reserve’s fight to contain inflation has stalled and could be delayed policy makers from cutting interest rates. The market also was
The Economic data for the day is as follows. The dollar dropped to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years, pulling forward expectations for rate cuts in the world’s biggest economy and drawing bets that the U.S. currency may have peaked. Monthly inflation
The Economic data for the day is in and it seems like there are a few secrets held by the US CPI and Sales numbers with regards to the future fed rates. Let’s dive in and find out all about that. The dollar traded near a one-month low against the
Copper prices hit a two-year high yesterday as rising long-term demand and tight supply fueled a shortage and hopes of a US interest rate cut prompted investors to pile into the market on Monday. Copper’s key role in global electrification, from charging electric vehicles to storing energy on the grid,
The Economic Data for the Day Looks Jam Packed with interesting stuff. The US dollar was slightly lower on Monday and strengthened after recent swings as attention shifted directly to upcoming US inflation data for further clues on interest rates. Gold fell 1% on Monday, looking for gains, as investors
Copper prices fell by more than one percent. Price pressure came from a stable dollar that fuelled gains, but expectations of strong demand from the energy transition and new technologies and concerns about shortages supported sentiment. A stronger U.S. currency makes dollar-priced commodities more expensive for holders of other currencies,
