CAPITALSTARS MCX COMMODITY COPPER NEWS UPDATE : :13 August 2019
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| Capitalstars Investment Advisor |
Base Metals Preview: Copper Flat, MCX Futures End Around Rs 445 Level
COMEX Copper futures yet again edged up near one week high of 2.61 per pound before easing a little. The sentiments in global markets remain tepid after the US President Donald Trump downplayed the scheduled September meeting with China and China's central bank set the official midpoint reference for the yuan at a stronger-than-expected level. Italian bond yields also slipped from five-week highs, easing some concerns regarding the country's financial health. However, risk appetite went for a toss in the US session as the DOW tumbled around 1.5%. COMEX Copper holds at 2.58 per pound, flat on the day. MCX Copper futures ended at Rs 445 per kg, almost unchanged on the day in last session amid these cues.
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