Copper tries to regain ground after last week's losses

Economies.com
2022-09-26 14:26PM UTC

Copper prices rose on Monday even as dollar gained ground against major rivals, with the industrial metal attempting to recoup some of last week's heavy losses. 

 

Copper marked two-month lows last week before recouping in the subsequent session.

 

The losses came after the Federal Reserve and other major central banks moved to tighten their monetary policies and hike interest rates aggressively. 

 

Such decisions triggered concerns about a global recession which might impact demand on copper and other metals. 

 

The dollar index rose 0.2% to 113.4 as of 13:39 GMT, with a session-high at 114.5, and a low at 112.9. 

 

Copper futures due in December climbed 0.5% as of 14:19 GMT to $3.35 a pound. 

Commodities News

Oil News

Commodities

Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Gold News

Commodities

Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Oil News

Commodities

Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Oil Analysis

Commodities

Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Silver Analysis

Commodities

Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...