LME Copper Prices Traded Higher by 0.1 percent yesterday to $4638/tonne as factory activity, which is the core demand driver for metals, gained momentum in the world’s biggest consumers. US manufacturing gauge climbed to 53.2, the highest since 2015 whereas Euro Zone’s Markit's composite PMI rose to a 10-month high of 53.7.
Besides, St. Louis Fed President James Bullard indicated that an interest-rate increase at the central bank’s December meeting is likely. CME Group data showed investors assign a 74% likelihood of a rate increase in December, up from about 60% at the start of October.
MCX copper prices traded higher by 0.1 percent to close at Rs.311.2 per kg on Monday.For more Accurate MCX TIPS ✆ – 0731-6642300
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Besides, St. Louis Fed President James Bullard indicated that an interest-rate increase at the central bank’s December meeting is likely. CME Group data showed investors assign a 74% likelihood of a rate increase in December, up from about 60% at the start of October.
MCX copper prices traded higher by 0.1 percent to close at Rs.311.2 per kg on Monday.For more Accurate MCX TIPS ✆ – 0731-6642300
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