EPIC RESEARCH MCX COPPER UPDATE OF 2 MAY 2016
Posted by Unknown on 11:54:00 with No comments
Copper trading range for the day is 331-344.6. Copper prices gained with prices underpinned by a weaker dollar and expectations of economic recovery in the world's top consumer China.
Chinese exchanges stepped up efforts to cool speculation in some commodities and investors awaited a Federal Reserve policy decision.
Clues to Chinese demand will come next week with the release of surveys of purchasing managers in the country's manufacturing sector.
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