Copper Weighed Down by Dollar and Profit-Taking - Archer Financial Services
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Copper prices declined during today's Wednesday dealings as a result of the appreciation of the dollar, and investors earned profits, after the metal price tested technical resistance levels of over $14,800 per ton. The price of copper futures on the London Stock Exchange fell after touching the $14833 session, the highest level since September 10, when it recorded a record level of [...] copper prices declined as a result of profits and the ris…
Industrial metals prices fell on Wednesday, while copper retreated from near all-time highs as traders weighed the outlook for US interest rates amid volatile oil prices and new statements from Federal Reserve officials. Copper on the London Metal Exchange weakened by as much as 0.8 percent, ending part of the growth...
Three-month copper futures on the London Metal Exchange fell 0.66 percent to $14,651 per ton in the morning hours (Turkish time). The most actively traded copper contract on the Shanghai Futures Exchange was...
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