Copper price fluctuates below $4.20; optimistic Chinese data suggests an increase
On the heels of positive data from China, copper prices are anticipated to resume their upward trend. China’s Industrial Production has turned positive, rising to 0.7% from -2.9% previously reported. The higher CPI announced last week supports the anticipation of a 75-bps rate rise by the Fed.
Written by: Winona Grant
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