Copper futures edge up before the weekend

Economies.com
2017-06-16 13:51PM UTC

Copper futures titled higher in American trade as the dollar index gave up ground, following earlier data from the US, the world's largest economy. 

 

As of 02:41 GMT, copper futures due on July 15 rose 0.21% to $257.10 a pound from the opening of $256.55, while the dollar index fell 0.10% to 97.34 from the opening of 97.44. 

 

Earlier US data showed building permits and housing starts down unexpectedly in May, while markets await the preliminary reading for the University of Michigan consumer sentiment survey in June, as Federal Reserve Bank of Dallas President Robert Kaplan is expected to speak at the Rotary Club of Park Cities, in Dallas.

Commodities News

Oil News

Commodities

Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Gold News

Commodities

Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Oil Analysis

Commodities

Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Silver Analysis

Commodities

Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...