- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Copper futures fell for a third straight day as a rising dollar cut into the demand for raw materials as alternative assets.
Copper futures fell for a third straight day as a rising dollar cut into the demand for raw materials as alternative assets.
According to Bloomberg:
On the London Metal Exchange, copper for delivery in three months dropped 0.1 percent to $6,835 a metric ton ($3.10 a pound). The price fell for the fourth straight week, the longest slump since June 28, 2013.
Analysts and traders are bearish on copper for the third straight week on concern that demand will slow in China, according to a survey by Bloomberg News. Eighteen of 40 respondents forecast that copper will decline next week.
Eugen Weinberg, the head of commodities research at Commerzbank AG, said:
Everything is a little bit down, and one of the reasons is because the trend of the dollar is continuing.
Click here to read the full article.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â