Copper trading range for the day is 369.9-381.5. Copper rose with the dollar weakening after data raised questions about the pace of possible U.S. interest rate hikes. However, upside seen limited by news that new orders for key U.S made capital goods fell unexpectedly in May, suggesting a loss of momentum in the manufacturing sector. Strikes at mines and the low availability of scrap for China to import could dampen supply.
For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664
For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664
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