Copper Buoyed by Dollar, But China Demand Worry Dominates

July 01, 2024, 07.38 PM | Source: Reuters
Copper Buoyed by Dollar, But China Demand Worry Dominates

ILUSTRASI. Copper prices firmed on Monday due to support from a weaker dollar and some stronger data from China's manufacturing sector.

COPPER - LONDON. Copper prices firmed on Monday due to support from a weaker dollar and some stronger data from China's manufacturing sector, but worries about demand in the top consumer fuelled by climbing inventories capped gains.

Traders said the lower U.S. currency, which makes dollar-priced metals cheaper for holders of other currencies and could boost demand, had triggered a flurry of copper buying by funds.

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