Copper futures declined on Wednesday on concerns that a Chinese probe into the use of metals for obtaining loans would hurt demand. Further, stronger dollar against a basket of major currencies too added pressure on copper prices.
Copper futures for July delivery settled down 1.4% at $3.093 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange fell 1.2% to $6,785 a metric ton.
No comments:
Post a Comment