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London copper bounces from 3-week low amid talks of Fed pause

From uk.reuters.com

London copper climbed more than 1 percent on Friday as reports that the U.S. Federal Reserve could pause from raising interest rates helped the metal recover from its steepest slide in five weeks in the prior session. Three-month copper on the London Metal Exchange was up 1.1 percent at $6,139 a tonne, as of 0136 GMT. The contract dropped 1.7 percent on Thursday, hitting its weakest since Nov. 14 at one point, after the arrest of a top Chinese executive in Canada dampened hopes for a resolution to the U.S.-China trade conflict. The most-traded February copper on the Shanghai Futures Exchange was steady at 49,110 yuan ... (full story)

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  • Category: Fundamental Analysis