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Commodity News |
HeadLine : |
London copper set for weekly rise, pares big monthly drop |
Date : |
May 27 2016 |
London copper fell on Friday, dragged lower by expectations that a likely U.S. interest rate rise in the next two months will boost the dollar, although the metal remained on track for its first weekly gain in four.
Three-month copper on the London Metal Exchange had slipped 0.2 percent to $4,651 a tonne by 0113 GMT, paring small gains from the previous session. Prices were eyeing a 1.5-percent weekly rise, trimming May's losses to 8 percent, which would still be its worst monthly showing in half a year.
Shanghai Futures Exchange copper dropped 0.4 percent to 35,700 yuan ($5,447) a tonne.
LME aluminium, zinc and nickel all fell around half a percent
Source: Dailymail.com
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