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Copper heads for weekly gain on improved risk sentiment, stable US dollar

From nasdaq.com

Copper advanced on Friday as improved risk sentiment and a stable dollar lifted prices of metals, while an extended policy easing in the European Union lent support. Three-month copper on the London Metal Exchange CMCU3 rose 0.8% to $9,516 a tonne by 0512 GMT while the most-traded August copper contract on the Shanghai Futures Exchange SCFcv1 advanced 1.7% to 69,810 yuan a tonne. Both the contracts for copper, which is often used as a gauge of global economic health, are set to gain this week. "We saw a slight bounce in equity markets yesterday as upbeat earnings help overcome worries about growth and together with ... (full story)

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  • Category: Fundamental Analysis