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May 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Copper prices

Copper prices steady ahead of Fed policy decision
Markets

Copper prices steady ahead of Fed policy decision

  • The dollar is very weak recently and this is quite supportive for commodities including copper.
  • A weaker greenback makes dollar-denominated commodities cheaper for non-US firms, a relationship used by funds to generate buy and sell signals.
Published 29 Jul, 2020 11:14pm
Copper retreats on virus fears and US-China friction
Markets

Copper retreats on virus fears and US-China friction

  • Three-month copper on the London Metal Exchange (LME) fell 0.2% to $6,424.50 a tonne by 1115 GMT and looked set to snap an eight-week winning streak.
  • On the fundamental side, copper has gotten ahead of itself and I think this is a warranted pullback.
Published 17 Jul, 2020 06:10pm
Copper rally runs out of steam on worries about China demand
Markets

Copper rally runs out of steam on worries about China demand

  • Copper has been the top gainer on the London Metal Exchange in recent months, rebounding 40%.
  • The technical indicators are flashing overbought conditions and there are signals that global growth is stalling after the strong recovery we've had.
Published 03 Jul, 2020 05:36pm
Copper strides to 5-month high on fears about Chile output
Markets

Copper strides to 5-month high on fears about Chile output

  • "That being said, there is mounting evidence that they're starting to struggle with pockets of outbreaks at mines and the pushback from trade unions for safer working practices."
  • "There are tentative signs that the post-lockdown economic recovery is perhaps progressing a bit quicker than most had thought."
Published 26 Jun, 2020 05:40pm