Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper  :  Copper climbs up on upbeat US housing, consumer confidence data


Copper climbs up on upbeat US housing, consumer confidence data

Copper edged up on Tuesday trade as positive data of US housing and consumer confidence counterbalanced worries about a deadlocked Italian vote and as investors were relieved to hear the Federal Reserve defend its ultra-loose monetary policy.

Copper futures for the most actively traded contract of May delivery was up 2.35 cents or 0.7%, to settle at $3.5665 a pound, on the Comex metals division of the New York Mercantile Exchange. While copper on the London Metal Exchange edged up 0.30% at $7,858.50 a tonne.

Related News

View all news

Copper futures end higher on Friday

Copper futures ended higher on Friday on hopes that Chinese government metals stockpiling would lend some support to the global market. Though, dollar strengthened against a basket of major currencies......

Copper futures end lower on Wednesday

Copper futures declined on Wednesday due to concerns about an oversupplied market and weak demand growth from the world's top consumer China. Further, speculation that the Federal Reserve is set to raise......

Copper futures end higher on Tuesday

Copper futures ended higher on Tuesday on speculation that the slump encouraged some traders to close out bearish bets. Further, upbeat US economic data and a weaker dollar too helped copper futures to......

Top News

View all news

Dr Reddy's,Ashok Leyland, Fortis Healthcare and Welspun Corp to see some action today

US Food and Drug Administration (USFDA) has extended deadline for Dr Reddy's laboratories to respond to its warning letters till December 7, 2015. The company is in the process of preparing a response......

Idea, Hero MotoCorp and Dr Reddy's to see some action today

Idea Cellular has entered into agreement with Videocon Telecommunications for acquiring right to use spectrum of Gujarat and Uttar Pradesh (West) for Rs 33.10 billion. This agreement for the company's......

Hexaware, Lanco Infratech and Petronet LNG to see some action today

Hexaware Technologies has entered into a strategic partnership with Blue Prism, the leading developer of robotic process automation (RPA) software, to transform support processes by enabling rapid automation......