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London copper edges up as U.S. tapering pressure eases

From nasdaq.com

Copper prices in London edged up on Wednesday as investors cheered slowing consumer price increases in the United States, easing pressure for an early policy tapering. Three-month copper on the London Metal Exchange CMCU3 rose 0.1% to $9,446.50 a tonne by 0155 GMT, while the most-traded October copper contract on the Shanghai Futures Exchange SCFcv1 eased 0.9% to 69,720 yuan ($10,824.07) a tonne. Underlying U.S. consumer prices increased at their slowest pace in six months in August, suggesting that inflation had probably peaked though it could remain high for a while. Copper is often used as a gauge of global ... (full story)

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  • Category: Fundamental Analysis