Wednesday, 21 January 2015

Copper futures end lower on Tuesday

Copper futures ended lower on Tuesday after the International Monetary Fund's decision to cut its outlook for global growth to 3.5 percent for 2015, down 0.3 percentage point from its previous forecast. Though, dollar weakened against a basket of major currencies, capped some losses in copper prices to some extent.
Copper futures for March delivery fell 0.9 percent to settle at $2.594 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange was up 0.3 percent to close at $5,690 a metric ton.

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