Sydney
A weak dollar helped lift copper prices in early Asian trading on Friday, reversing an overnight dip.
The dollar index, which tracks the greenback against a basket of six major rivals was priced near its lowest level since August 2016.A weaker dollar makes U.S. dollar-denominated commodities such as copper cheaper for investors using other currencies.
"The weak dollar will bring out buyers, some of whom might otherwise stick to the sidelines," a trader in Perth said.
Three-month copper on the London Metal Exchange was up 0.3 percent at $5,981 a tonne by 0100 GMT, reversing a modest loss in the previous session.
The most-traded copper contract on the Shanghai Futures Exchange opened 0.2 percent firmer at 47,790 yuan ($7,072.67) a tonne. The global world refined copper market showed a 53,000 tonnes deficit in April, compared with an 18,000 tonnes deficit in March, the International Copper Study Group (ICSG) said.
The SECP recognizes the need for responsible and ethical marketing practices and call centre operations
Saquib Ahmad, Country Managing Director SAP Pakistan , Afghanistan. — Screengrab/YouTube/Nutshell Group/FileKARACHI:...
Gold rates decreased by $5 to $2,170 per ounce in the international market. Silver rates decreased by Rs20 at Rs2,580...
The U.N. agency last year agreed to target a 20 percent emissions cut by 2030
China's activity data broadly stabilised at the start of the year
SBP issued guidelines permitting exporters to freely utilize funds in ESFCAs for international payments related to...