Wednesday 9 September 2015

US WEBCAST: Copper touches fresh highs, Gold rangebound

Otmane El Rhazi from The Bullion Desk.

  • Copper hit the highest price since mid-July as major producers start to cut production
  • In gold, equity stability in the three major global regions have weighed on the precious metals as investors continue to recover from Black Monday.
  • On Monday, Glencore announced it was suspending mining operations in two African mines due to low copper prices. The cutback will remove an estimated 400,000 tonnes from the market.

The post US WEBCAST: Copper touches fresh highs, Gold rangebound appeared first on The Bullion Desk.

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