Copper falls as trade tensions return to the forefront

2019-06-12 15:53:06 GMT (Economies.com)
Copper falls as trade tensions return to the forefront

Copper prices fell during today as trade tensions returned to the spotlight, which raised concerns about the global demand on commodities, including the red metal.

 

In a related context, the dollar index (against a number of major currencies) rose by 0.1% to 96.7 points at 13:37 GMT, with a high of 96.8 points and a low of 96.5 points.

 

US Commerce Secretary Wilbur Ross said he did not expect a trade deal between the United States and China on the sidelines of the G20 summit.

 

US President Donald Trump has threatened to impose more tariffs on Chinese goods if President Xi Jinping does not attend the G20 summit in Japan later this month.

 

In terms of trading, by 13:29 GMT, copper futures (July delivery) fell by 0.5% to $2.658 per pound, with the highest at $ 2.673 and the lowest price at $ 2.637.

 
 
 
  Symbol Last Change Chg.%
1.1100
0.0002
0.0221%
1.2141
-0.0013
0.1049%
17.138
0.033
0.195%
56.172
1.373
2.505%
60.76
0.74
1.23%
1504.240
-8.025
0.531%
 
 
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