Wednesday 27 August 2014

CAPITAL STROKE COMMODITY UPDATE 27-August-2014 :: MCX COPPER


Copper trading range for the day is 421.7-431.3.

Copper prices slipped after a closely watched U.S. home-price index missed expectations, amid broader concerns about demand.

Pressure also seen on prices due to rising US dollar and growing worries about a possible interest rate hike by the US Fed

Durable goods orders also posted their biggest rise in July, but the sharp increase was mainly contributed by plane orders.
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