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Copper continues to rise on strong industrial demand
2020-04-17 15:53:02 GMT
(Economies.com)
Copper futures rose on Friday, lifted by a retreat in the US dollar against most currencies, while pressure on metals and commodities eased.
President Donald Trump said he directed state governors to reopen the US economy, with the most federal agencies coming back to work.
Trump wants to restart the US economy, and recover from the coronavirus impact on most of the US economic sectors.
The dollar index fell 0.3% to trade at 99.7 points as of 15:12 GMT, after hitting a high of 100.2 and a low of 99.6.
Copper May futures rose 2% to $2.35 per pound as of 15:09 GMT, after earlier hitting a high of $2.37 and a low of $2.32.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1237
|
0.0118
|
1.0608%
|
|
|
|
|
1.2574
|
0.0160
|
1.2905%
|
|
|
|
Tadawul
|
7222.41
|
-62.82
|
0.86%
|
|
|
|
|
17.642
|
-0.437
|
2.417%
|
|
|
|
|
36.742
|
2.255
|
6.539%
|
|
|
|
|
39.45
|
-0.12
|
0.30%
|
|
|
|
|
1698.300
|
-34.385
|
1.984%
|
|
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