EPIC RESEARCH MCX COPPER UPDATE OF 30 MAY 2016
Posted by Unknown on 12:29:00 with No comments
Copper trading range for the day is 311.8-317.8.
Copper gained helped by a rebound in China steel, but expectations that a likely hike in U.S. interest rates in the next two months will boost the dollar.
Supporting prices was a 14 percent weekly fall in copper inventories in warehouses monitored by the Shanghai Futures Exchange.
Gross domestic product rose at a 0.8 percent annual rate as opposed to the 0.5 percent pace reported last month, the Commerce Department said.
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Copper gained helped by a rebound in China steel, but expectations that a likely hike in U.S. interest rates in the next two months will boost the dollar.
Supporting prices was a 14 percent weekly fall in copper inventories in warehouses monitored by the Shanghai Futures Exchange.
Gross domestic product rose at a 0.8 percent annual rate as opposed to the 0.5 percent pace reported last month, the Commerce Department said.
For more Accurate MCX TIPS ✆ – 0731-6642300
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