Copper futures in reverse gear

Copper futures fell during evening trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal amid caution ahead of the US President-elect Donald Trump's inauguration later in the day even as China's impressive Q4 GDP growth.

 

China's GDP reported better-than-expected growth in Q4 by expanding 6.8 per cent, outpacing market forecast of 6.7 per cent, helped by higher government spending and record bank lending. At the MCX, copper futures for February 2017 contract is trading at Rs 391.25 per kg, down by 0.41 per cent, after opening at Rs 393.85, against a previous close of Rs 392.85. It touched the intra-day low of Rs 389.75.

 

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1 comments

  1. MCX Metal sector lead and copper run together in today trading session.you want to get premium commodity tips by Epic Research.

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