Copper Prices Edged Lower Pushed Down By A Stronger Dollar - Dollar Advisory | Best Commodity Tips Provider

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Wednesday 18 July 2018

Copper Prices Edged Lower Pushed Down By A Stronger Dollar

Copper trading range for the day is 411.9-428.3.

Copper prices edged lower pushed down by a stronger dollar and fears that demand will be damaged by a global trade war and weaker economic growth in China.

Headline stocks of copper in LME-registered warehouses gained 2,525 tonnes, but were still at their lowest since January.

Copper speculators switched to a net short position of 12,919 contracts, the CFTC said last week, the weakest position since December 2016.

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