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Copper prices decline on U S rate hike fears | Hellenic Shipping News Worldwide

Copper prices decline on U S rate hike fears | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Copper set for seventh straight weekly gain on U S stimulus hopes

Article content HANOI Copper prices, often used as a gauge of global economic health, rose on Friday and were set for their seventh straight weekly gain on hopes that U.S. lawmakers would soon pass a new round of COVID-19 aid. Three-month copper on the London Metal Exchange rose 0.9% to $7,988 a tonne by 0223 GMT and was up 0.9% for the week. We apologize, but this video has failed to load. Try refreshing your browser, or Copper set for seventh straight weekly gain on U.S. stimulus hopes Back to video The most-traded January copper contract on the Shanghai Futures Exchange advanced 1.6% to 59,170 yuan ($9,048.78) a tonne, on course for a weekly gain of 1.6%.

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