Copper price jumps as dollar eases.
Copper prices rose on Wednesday buoyed by a weaker dollar amid hopes the pace of US interest rate hikes would slow down.
The dollar wallowed near a three-week low versus major peers as more signs of economic weakness in the United States fanned speculation about a less hawkish Federal Reserve.Copper for delivery in December rose 3.8% on the Comex market in New York, touching $3.52 per pound .The most-traded November copper contract on the Shanghai Futures Exchange was up 0.1% to 63,050 yuan a tonne.
“The slightly eased Fed jitters revived sentiment, still we hold a cautious attitude as policy and economic uncertainty will continue to dominate the market,” a China-based futures trader said.a proposed mining royalty bill that drew criticism from miners, removing provisions that assessed higher rates for larger miners and linked payments to copper prices, while implementing a flat 1% ad valorem tax rate for large producers.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Phoenix house fire kills elderly woman and dozens of dogs housed in metal cagesAn elderly woman died along with dozens of dogs shortly after a fire consumed her home in Phoenix on Saturday.
Consulte Mais informação »
Metal-CO2 batteries closer to becoming a thingThere is now an innovative way to overcome the energy efficiency issues that so far have plagued metal-carbon dioxide batteries.
Consulte Mais informação »
Iron Maiden's Bruce Dickinson stubs out fans smoking bud at heavy metal concert'I would just ask for a tiny bit of respect. If you want to go and get completely stoned out of your mind, go out the back and do it,' Iron Maiden's Bruce Dickinson tells audience members — via TheGrowthOp cannabisnews
Consulte Mais informação »
Gold Price Forecast: XAU/USD could soar when end to aggressive rate hikes comes into view – CommerzbankGold price has recently settled down at just below $1,650. The yellow metal remains under pressure due to rate hike outlook, strategists at Commerzban
Consulte Mais informação »
Gold Price Forecast: XAU/USD continues to baffle investors around $1,650 amid subdued DXYGold price (XAU/USD) has continued to auction sideways following the bewilderness in the US dollar index (DXY). The precious metal is displaying topsy
Consulte Mais informação »
Akeem Smith's Paris art installation celebrated Jamaican dancehall cultureThe artist and stylist's Paris+ installation comprised rusted metal sheets and flyers for dancehall nights from the 80s and 90s.
Consulte Mais informação »