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Copper slips on firmer US dollar, higher China inventories
Prices of copper opened the week lower on Monday, under pressure from a firmer U.S. dollar ahead of key economic data, while higher inventories in top consumer China also weighed. Three-month copper on the London Metal Exchange CMCU3 shed 0.4% to $8,537 per metric ton by 0128 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange SCFcv1 slid 0.3% to 69,110 yuan ($9,605.01) per ton. The dollar =USD was on the front foot on Monday ahead of a week packed with key economic releases. Investor focus shifted towards inflation data from the United States, Japan and Europe that will help refine ... (full story)
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- Posted: Feb 25, 2024 11:05pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 316
