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slightly higher on the London exchange.

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị02/09/2024


Three-month copper futures on the London Metal Exchange (LME) edged up 0.1%.
Three-month copper futures on the London Metal Exchange (LME) edged up 0.1%.

Three-month copper futures on the London Metal Exchange (LME) edged up 0.1% to $9,245.50 a ton, after recording a slight gain in August, amid increased prospects of an interest rate cut in September.

The most actively traded October copper contract on the Shanghai Futures Exchange (SHFE) fell 0.2% to 73,860 yuan ($10,417.49) per ton.

The US dollar maintained its gains from Friday after optimistic spending data led markets to reduce the likelihood of the Federal Reserve easing monetary policy by half a point.

A strong US dollar makes it more expensive to buy commodities priced in the greenback, thus driving down metal prices.

Copper stocks have fallen in recent weeks after price drops encouraged buying, in keeping with the traditional good fall season.

LME aluminum fell 0.1% to $2,445 a ton, nickel fell 0.7% to $16,650, zinc fell 0.7% to $2,877, lead rose 0.5% to $2,063, and tin fell 0.9% to $32,055.

SHFE aluminum fell 0.5% to 19,650 yuan/tonne, lead rose 0.2% to 17,330 yuan, while nickel fell 2.7% to 127,960 yuan, zinc fell 0.9% to 23,815 yuan and tin fell to 260,290 yuan.



Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-3-9-tang-nhe-บน-san-luan-don.html

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