Copper futures in reverse gear

Copper futures were little changed during evening trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal on higher prices, although expectations of robust growth in China supported optimism about demand in the world's largest metals consumer. 

 

Moreover, traders were also hedging their bets ahead of the US non-farm payrolls data due this Friday.At the MCX, copper futures for February 2017 contract is trading at Rs 380.30 per kg, down by 0.04 per cent, after opening at Rs 378.60, against a previous close of Rs 380.45. It touched the intra-day low of Rs 378.60. 

 

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