Base Metals

Copper Price Rises on Weaker Dollar

Base Metals

Copper prices got a bit of a bump on Monday on the back of a weaker US dollar, Reuters reported. As quoted in the publication: Benchmark copper on the London Metal Exchange closed up 1 percent at $4,557 a tonne, paring gains from an earlier high of $4,589. News the U.S. economy created the fewest …

Copper prices got a bit of a bump on Monday on the back of a weaker US dollar, Reuters reported.
As quoted in the publication:

Benchmark copper on the London Metal Exchange closed up 1 percent at $4,557 a tonne, paring gains from an earlier high of $4,589.
News the U.S. economy created the fewest number of jobs in May for any month since September 2010 has led the market to think the U.S. central bank will not raise interest rates this week, which has weighed on the dollar.

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