Reuters
Melbourne
London copper was marking time on Wednesday, underpinned by a softer dollar and expectations that China´s metal demand will slowly and steadily improve into the fourth quarter.
Volumes were low with the top copper consumer China midway through a week of holidays.
"We do not expect to see much change in the metal markets given that China is out this week, but have to suspect that the recent collapse in gold and a reviving dollar could start impacting prices at some point," Ed Meir of INTL FC Stone said in a report.
"An inflection point could come on Friday when the U.S. nonfarm payroll comes out. A stronger-than-expected number should boost the dollar further and increase the pressure on commodities.
"Three-month copper on the London Metal Exchange had edged down 0.3 percent to $4,792.50 a tonne by 0132 GMT, following small losses in the previous session.
A disabled man casting his vote in Indian elections on May 1, 2024. — X/@CEOMPElectionsNOIDA: To go back home in...
People attend the 2023 Spring Meetings inside the International Monetary Fund in Washington, US, April 12, 2023. —...
A representational image showing a Tesla Model Y during the opening of the Tesla Gigafactory in Gruenheide, east of...
Established in 1998, IceWarp has presence in more than 100 countries and provides specialized and highly...
Women walk past a “Now Hiring” sign outside a store on August 16, 2021 in Arlington, Virginia. — AFPWASHINGTON:...
Reko Diq, one of the biggest yet-to-be-developed copper mines in the world, is also 50 percent owned by the government...