BEIJING, Dec 27 (Reuters) – Prices of copper were steady on Wednesday, supported by a weak dollar and concern over tight global raw material supplies. Three-month copper on the London Metal Exchange gained 0.3% to $8,603 per metric ton by 0158 GMT as trade resumed after the Christmas holiday. The most-traded February copper contract on the Shanghai Futures Exchange was little changed at 69,150 yuan ($9,672.28) per ton. The dollar index edged higher, but held close to a five-month low. The greenback was on track for its worst performance since 2020 against a basket of currencies as rising expectation of interest rate cuts from the Feral Reserve dents the appeal of the U.S. currency relative to peers. A weaker dollar…
Published Date: 2023-12-27
Source: Market Screener
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