COMEX Copper merges At 3 Week Low, Nickel Gains on Bargain Buying
Commodity Mcx COMEX Copper futures are merging about their 3 week
lows today after massive fall in the previous session. The red metal
chop yesterday tracking a sharp spurt in the US dollar with traders also
eying the elevated LME Copper inventories records. Helpful US housing
records didn’t bear the metal much and the counter is appearing dreary
as it soars about $2.8340/pound, drop 0.11 Per cent on the day. MCX Copper futures are trading at Rs 402.80/ kg, almost unmoved on the day. The counter has fallen about Rs 20 now from its latest highs.
lows today after massive fall in the previous session. The red metal
chop yesterday tracking a sharp spurt in the US dollar with traders also
eying the elevated LME Copper inventories records. Helpful US housing
records didn’t bear the metal much and the counter is appearing dreary
as it soars about $2.8340/pound, drop 0.11 Per cent on the day. MCX Copper futures are trading at Rs 402.80/ kg, almost unmoved on the day. The counter has fallen about Rs 20 now from its latest highs.
COMEX Copper merges At 3 Week Low, Nickel Gains on Bargain Buying
2:46 PM
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