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Copper ticks up on softer US dollar, solid fundamentals
Copper prices rose on Thursday as the U.S. dollar eased and on the back of stable manufacturing demand from top consumer China. Three-month copper on the London Metal Exchange (LME) was up 0.7% at $8,250.50 a metric ton as of 1202 GMT. Metals got support as the dollar index, which had reached a three-month high earlier this week, slipped back. A weaker U.S. currency makes dollar-priced metals less expensive for holders of other currencies. Nonetheless, investors expect U.S. interest rates to stay high after surprisingly hot U.S. inflation figures released on Tuesday, suggesting a delay in the first Federal Reserve ... (full story)