Copper steadies as weaker US dollar, low inventories lend support

From brecorder.com

Copper shrugged off an early dip to trade higher on Friday as a weaker dollar and lower inventories countered a selloff stemming from equity markets, but remained on track for a weekly decline. Benchmark three-month copper on the London Metal Exchange was up 0.3% at $13,308 a metric ton in official open outcry activity. It earlier fell as much as 1.4% to $13,083. The metal, considered a bellwether for the health of the global economy, was on course to end the week down 2.1%, which would mark its biggest weekly decline since the week ended May 1. Tech-driven losses on Wall Street had initially dragged copper down, but ... (full story)