Copper rises
Sydney: London Metal Exchange copper rose 0.3 percent to $6,478.50 a tonne by 0554 GMT. On Friday, prices fell to their lowest since Aug. 16 at $6,366.
Shanghai Futures Exchange copper rose 0.9 percent to 50,320 yuan($7,619). London zinc and nickel rose on Monday, rebounding from declines in the previous session, but price gains were limited as investors remained cautious on the outlook for the economy in China, the world´s top metal consumer, and for the U.S. dollar.
Investors had been encouraged to cash-in profits in a recently rising metals market after China´s economic growth showed signs of slowing in August, said Dominic Schnider of UBS Wealth Management in Hong Kong, suggesting any bounce may prove short-lived.
"I can´t get excited (about metals) I´m sorry to say. Chinese numbers have not really been hinting in the right direction from a fixed-asset investment point of view.”
-
Denzel Washington Surprises LeBron James -
Cillian Murphy's Hit Romantic Drama Exits Prime Video: Here's Why -
Paris Hilton Reveals What Keeps Her Going In Crazy Schedule -
Deep Freeze Returning To Northeastern United States This Weekend: 'Dangerous Conditions' -
Inside Dylan Efron's First 'awful' Date With Girlfriend Courtney King -
'Sugar' Season 2: Colin Farrell Explains What Lies Ahead After THAT Plot Twist -
‘Revolting’ Sarah Ferguson Crosses One Line That’s Sealed Her Fate As Well As Andrew Mountbatten-Windsor’s -
AI Rivalry Heats Up As Anthropic Targets OpenAI In Super Bowl Ad -
Kate Middleton, Prince William Share Message Ahead Of Major Clash -
Is Dark Matter Real? New Theory Proposes It Could Be Gravity Behaving Strangely -
Viral AI Caricature Trend: Is Your Personal Data Really Safe? -
Lil Jon’s Late Son, Nathan Smith Spoke Highly Of His Father Before His Tragic Death -
China Boosts Reusable Spacecraft Capabilities By Launching For The Fourth Time -
Bianca Censori On Achieving 'visibility Without Speech': 'I Don't Want To Brag' -
Skipping Breakfast? Here Are Some Reasons Why You Shouldn't -
'Concerned' Prince Harry Future Plans For Lilibet, Archie Exposed