According to Sushil Finance, expect base metal prices likely to trade volatile on the back of mixed fundamentals.
Sushil Finance's report on Copper
Copper steadied on Friday but was still on track for its biggest weekly drop since early May as markets priced in a higher U.S. interest rate environment that would support the dollar.
The U.S. Federal Reserve raised interest rates this week and indicated further tightening before year-end, boosting the dollar and making commodities priced in the greenback more expensive for holders of other currencies.
We expect base metal prices likely to trade volatile on the back of mixed fundamentals.
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