Copper futures zoom 1.14% on global cues

Copper futures zoom 1.14% on global cues

10/01/2017 16:03

Copper futures were trading higher during evening trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal after weaker greenback against a basket of other currencies and after solid inflation figures shored up sentiment in China.

Meanwhile, investors keenly eyed the Donald Trump’s news conference on Wednesday at which he may give more details about the policies he will seek to implement after he takes office on January 20, 2017.

At the MCX, copper futures for February 2017 contract is trading at Rs 387.30 per kg, up by 1.14 per cent, after opening at Rs 384.50, against a previous close of Rs 382.95. It touched the intra-day high of Rs 388.10 (at 15:52 hours).

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