Copper prices rose after positive US industrial production data. The US industrial production data rose by 0.5% in June as against the expectations of a 0.3% increase, after its 0.1% increase in May.
The consumer prices Y-O-Y rose by 1.8% up from the 1.4% increase in May, the expectation was of a 1.7% gain in the prices. The dollar index which is the relative index of the greenback against six major currencies fell by 0.62% to 82.53.
COMEX Copper rose to 317.8 USD/lb for its September 13 contract.
The consumer prices Y-O-Y rose by 1.8% up from the 1.4% increase in May, the expectation was of a 1.7% gain in the prices. The dollar index which is the relative index of the greenback against six major currencies fell by 0.62% to 82.53.
COMEX Copper rose to 317.8 USD/lb for its September 13 contract.
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