Page 2 - நீத்தேஷ் ஷா News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Gold edges higher as yields extend drop with stocks stabilizing
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Cobre sube debido a pausa en ascenso del dólar antes de minutas de la Fed
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Copper prices buoyed by bargain hunters | Hellenic Shipping News Worldwide
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METALS-Copper prices slip on U S inflation jitters
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By Reuters Staff
(Updates with official prices)
LONDON, May 14 (Reuters) - Copper prices were on course for their first weekly decline since the start of April on Friday as rising inflation fears and a dip in demand from China dragged prices down.
Benchmark copper on the London Metal Exchange (LME) was 1% lower at $10,239.50 a tonne in official trading, having scaled a record high of $10,747.50 on Monday.
It was down about 1.7% over the week.
Many analysts expect the metal used in construction and power to rise further as the global economy rebounds and moves from fossil fuels to copper-intensive electrification.
“Supply is relatively tight while demand keeps expanding,” said WisdomTree analyst Nitesh Shah. “I think it will start going up again.”