Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper  :  Copper futures end higher on Monday

22-May2018

Copper futures end higher on Monday

Copper futures ended higher on Monday as investors' fears over a US-China trade war eased. Treasury Secretary Steven Mnuchin said Sunday that the Trump administration would 'put the trade war on hold,' and delay tariffs on Chinese imports to the US, while the two countries hammer out details of a deal to reduce the trade deficit with China. However, upside in metals remained capped as dollar hit a five-month high versus a currency basket, making dollar-priced metals costlier for non-US investors.

Copper futures for July delivery rose 1.1 percent to settle at $3.099 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 0.4 percent at $6,879 a metric ton.



Related News

View all news

Copper futures end tad higher on Thursday

Copper futures ended tad higher on Thursday, even though most of the industrial metals on London Metal Exchange fell by a global stock market sell-off as investors feared an escalating US trade war with......

Copper futures end lower despite dollar weakness

Copper futures ended lower on Friday, despite dollar's weakness after data showed the US economy saw a much less than expected addition in employment in September. Data released by the US Labor Department......

Copper futures end lower on Thursday

Copper futures ended lower on Thursday, followed by confident statements from US Federal Reserve Chair Jerome Powell that implied more US interest rate increases were coming.Copper futures for December......

Top News

View all news

Ashiana Housing wins two awards

Ashiana Housing has won two awards. Realty Plus Awards 2018 has felicitated 'Ashiana Umang' as 'Best Themed Project' and the company's website as the 'Best Real Estate Website of the year'.Ashiana Umang......

Tata Power inaugurates second 'All-women' CRC in Mumbai

Tata Power has inaugurated its second 'All Women' Customer Relations Centre (CRC) in Borivali (East), Mumbai, with an aim to continue providing their talented and highly skilled women employees with new......

McLeod Russel hands over specified assets of eight Tea Estates to M K Shah Exports

McLeod Russel India has handed over the specified assets of the eight Tea Estates of the company to M K Shah Exports.Post completion of due diligence by M K Shah Exports (Buyer) and on compliance of the......