Aaj English TV

Monday, May 20, 2024  
12 Dhul-Qadah 1445  

Copper edges down as a firm dollar weighs

The dollar held near a 3-1/2-month high against its rivals as higher bond yields. HANOI: Copper prices in London...

The dollar held near a 3-1/2-month high against its rivals as higher bond yields.

HANOI: Copper prices in London fell on Tuesday, while some other base metals also declined as a firm dollar made greenback-priced metals more expensive to holders of other currencies.

Three-month copper on the London Metal Exchange declined 0.7% to $8,935 a tonne by 0133 GMT. Aluminium fell 0.4% to $2,163 a tonne, nickel dipped 0.6% to $16,245 a tonne and zinc slid 0.3% to $2,773 a tonne.

The dollar held near a 3-1/2-month high against its rivals as higher bond yields and expectations of faster economic normalisation from the pandemic in the United States put the US currency at an advantage.

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.

copper

copper price

London Metal Exchange

copper market