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London copper gains as weaker US dollar lends support
London copper rose on Monday, helped by a softer dollar after weaker-than-expected U.S. jobs data boosted bets for a Federal Reserve interest rate cut in September. Three-month copper on the London Metal Exchange was up 0.4% at $9,665.50 per metric ton, as of 0414 GMT. The most-traded copper contract on the Shanghai Futures Exchange was steady at 78,240 yuan ($10,898.45) a ton. The dollar index fell 0.4% against a basket of rivals after a dismal U.S. jobs report and firing of a top labour official by President Donald Trump stunned investors and led them to ramp up bets for imminent Fed rate cuts. A weaker dollar ... (full story)
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India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!! President DJT
