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Copper Prices Silp The Most in 2 Weeks
Gold Silver Reports ~ Copper futures dropped the most in two weeks and a gauge of mining companies tumbled as a strengthening dollar and falling crude oil prices dragged down commodities.
Copper MCX Trading Levels 328.50 – 340.50
Gold Silver Reports ~ Copper MCX settled up 0.3% at 335.50 ended flat on Tuesday as a weaker dollar balanced persistent concerns over demand in top metals consumer China and uncertainty ahead of the U.S. Federal Reserve’s policy meeting.
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Copper Demand Growth in China Slowed
Gold Silver Reports → Copper prices fell on Thursday reversing earlier gains as worries about demand in top consumer China were reinforced by equity market losses in Shanghai, but output cuts to help balance the market limited the losses.
Copper MCX Intraday Trading Range 312 to 322
Gold Silver Reports → Copper settled down -0.34% at 318.10 but recovered from the day’s low as sentiments boosted by the weak dollar, but the expected short-term gains, amid worries that global economic growth in poor condition will be restricted metal consuming nations of China’s economic activity. Support seen with the Chinese government supports the initiative to show the effect of this year, China’s housing prices are likely to rise, the outside world is widely expected in the next few months China will further relax the policy.