No change on the exchange

The three-month copper price on the London Metal Exchange remained virtually unchanged.

Three-month copper futures on the London Metal Exchange (LME) were virtually unchanged at $9,245 per ton after rising earlier in the session to $9,382.

Copper and other base metals narrowed their gains after U.S. inflation data reinforced expectations that the Federal Reserve may cut interest rates by less than 25 basis points next month.

This pushed the USD index higher, making goods priced in US dollars more expensive for buyers using other currencies.

Prices rose earlier in the session after a report indicated that China is considering allowing homeowners to refinance up to $5.4 trillion in mortgages to lower borrowing costs.

"This could help support consumer confidence, which is currently weak, and therefore could boost household spending," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.

China has stepped up its efforts to support its struggling real estate sector, a major source of demand for industrial metals.

The most actively traded October copper contract on the Shanghai Futures Exchange ended the day's trading session up 0.1% at 74,220 yuan ($10,466.94) per ton, a 0.5% increase this month.

Aluminum prices on the LME rose 1.1% to $2,484 per ton, nickel prices increased 0.2% to $17,030, zinc prices rose 1.4% to $2,917, lead prices increased 1.1% to $2,058.50, and tin prices rose 0.5% to $32,520.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-2-9-khong-thay-doi-บน-san-giao-dich.html