Reuters reported that London copper prices made some modest gains on Thursday with a 0.3 percent bump to $7,260 per tonne.
Reuters reported that London copper prices made some modest gains on Thursday with a 0.3 percent bump to $7,260 per tonne. Urging copper on was an announcement from U.S. senate leaders that a bipartisan compromise to raise the debt ceiling and reopen the government could be in sight.
Nic Brown, head of commodities research at Natixis told the publication:
There’s a bit of a yo-yo going on ahead of the final decision.
The red metal is recovering from a three-week low of $7,081 which it hit last week.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1713.98 | -4.54 | |
Silver | 18.77 | -0.04 | |
Copper | 3.32 | +0.02 | |
Palladium | 1898.00 | +17.99 | |
Platinum | 879.00 | +2.99 | |
Oil | 97.26 | +0.91 | |
Heating Oil | 3.52 | -0.01 | |
Natural Gas | 7.85 | -0.08 |
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