Copper gains on upbeat US consumer confidence data
31/12/2014 12:08
Copper prices extended gains, rising by 0.12 per cent on Wednesday at the domestic markets after US consumer confidence increased in December, bolstered by a brightening jobs situation that left perceptions about economic conditions at a high last seen in February 2008, according to a private sector report which raised the demand outlook for the industrial metal. The Conference Board, an industry group, said its index of consumer attitudes rose to 92.6 from an upwardly revised 91.0 the month before.
At the MCX, copper futures for February 2015 contract were trading at Rs.403.80 per 1 kg, up by 0.12 per cent, after opening at Rs. 403.75 against the previous closing price of Rs. 403.30. It touched the intra-day high of Rs. 404 till the trading. (At 12.06 PM today).
31/12/2014 12:08
Copper prices extended gains, rising by 0.12 per cent on Wednesday at the domestic markets after US consumer confidence increased in December, bolstered by a brightening jobs situation that left perceptions about economic conditions at a high last seen in February 2008, according to a private sector report which raised the demand outlook for the industrial metal. The Conference Board, an industry group, said its index of consumer attitudes rose to 92.6 from an upwardly revised 91.0 the month before.
At the MCX, copper futures for February 2015 contract were trading at Rs.403.80 per 1 kg, up by 0.12 per cent, after opening at Rs. 403.75 against the previous closing price of Rs. 403.30. It touched the intra-day high of Rs. 404 till the trading. (At 12.06 PM today).
