Copper futures declined on Monday after the report of decline Chinese manufacturing .Fed’s decision to further trim its stimulus program too was weighing down the prices of red metal. However, tight supply in China and on hopes of the US economy gaining speed and steady local demand, capped some losses to some extent.
Copper futures for May delivery edged down 0.29% at $3.061 a pound on the Comex metals division of New York Mercantile Exchange.
No comments:
Post a Comment