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Copper dips as dollar firms, Trump’s tariff threat clouds demand outlook
Three-month copper on the London Metal Exchange (LME) eased 0.1% to $9,013.50 per metric ton by 0555 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange (SHFE) dipped 0.2% to 73,830 yuan ($10,190.19) a ton. The dollar index edged higher, making greenback-priced metals more expensive to holders of other currencies. Earlier this week, US President-elect Donald Trump said he will impose an additional 10% tariffs on all Chinese goods after he takes office in January. Copper prices will be trading within a tight range for the short term as people are waiting for more details on Trump’s ... (full story)
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- Posted: Nov 28, 2024 2:46pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 147
