Melbourne: London copper climbed on Monday as hopes of progress in a trade dispute between the United States and China buoyed risk appetite and undermined safe-haven demand for the dollar.
The dollar sagged as investor demand receded, with the focus on discussions between the world´s top two economies due this week. "With a relatively quiet week for data, prices are likely to remain sensitive to any volatility in emerging markets," said ANZ in a report. London Metal Exchange rose by 0.7 percent to $5,969 a tonne by 0438 GMT, having closed on Friday down by 0.2 percent.
Shanghai Futures Exchange copper rose by 0.4 percent to 48,060 yuan ($6,991) a tonne, with prices of both metals fading after an early short-covering burst. A weaker dollar boosts demand for dollar-priced commodities by making them cheaper for buyers paying with other currencies.
Sheikh argued that the government should have maintained stable petroleum prices
MARI has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL
Gold rates decreased by $17 to $2,395 per ounce in the international market
Company's revenue saw a 13.9% year-on-year increase, reaching Rs49.2 billion, up from Rs43.19 billion in the same...
A man counts US dollars in a money exchange shop in Dhaka. — AFP/FileLAHORE: The first thing that the government...
Power generation stood at 8,741 gigawatt-hours or 11,749 megawatts in March
