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The copper price on the London Metal Exchange declined Wednesday thanks to gains from the U.S. dollar following the release of U.S. durable goods figures, according to Metalbulletin.com.
The copper price on the London Metal Exchange declined Wednesday thanks to gains from the U.S. dollar following the release of U.S. durable goods figures, according to Metalbulletin.com.
Copper stood at $6,764 a tonne, down $12 from its opening price.
Meanwhile, copper for December delivery rose to a two-week high on the Comex Wednesday, reaching $3.099 a pound. Investing.com reported this activity was due to investors speculating the U.S. Federal Reserve will reassure markets that interest rates will continue to stay on hold for the time being.
