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Reuters reported that copper ended up higher for the first time in six sessions, bolstered by a weaker dollar and encouraging data from the U.S.
Reuters reported that copper ended up higher for the first time in six sessions, bolstered by a weaker dollar and encouraging data from the U.S.
As quoted in the market news:
Copper extended its upside push in after-hours trade, tracking sweeping gains across the broader commodity complex that helped fuel a near 2-percent bounce in the Reuters-Jefferies CRB index .CRB from its lowest levels in nearly a year on Tuesday.
Still, copper remained pinned below the $7,000 per tonne level for a third consecutive day as macro pressures continued to dog sentiment, prompting one investment bank to forecast a price below $5,500 ($2.49/lb) in the months ahead.
Click here to read the full Reuters report
