24 Hrs
Source:
المشهد العربي
Copper prices rise on dollar and inventory levels
Copper prices rose slightly on the London Metal Exchange, recovering some of the losses from the previous session which exceeded 1%. The gains were influenced by the strength of the dollar and rising oil prices, along with concerns over slowing demand in the Chinese market. Copper inventories in London warehouses decreased by 875 tons to 251,300 tons, while stocks on the New York Mercantile Exchange (COMEX) continued their sixth consecutive session of increase, surpassing 700,000 tons for the first time. The dollar index gained 0.20%, reaching 101.40 points, approaching its highest level in two months.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)