EPIC RESEARCH MCX COPPER UPDATE OF 30 MAY 2016

Posted by Farhan Khan 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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