- Copper futures traded 0.66% lower at Rs 346 today on speculators reducing their positions amid weak global cues. At the Multi Commodity Exchange, copper for delivery in November fell by Rs 2.30, or 0.66% at Rs 346 per kg, in a business turnover of 1,369 lots.Similarly, the metal for delivery in far-month February next year was down by Rs 2.20, or 0.62%, at Rs 352 per kg in 51 lots.
- Gold fell nearly 1 percent on Tuesday, retreating from a three-month high on profit-taking after a two-day rally triggered by expectations the Federal Reserve will not hike U.S. interest rates this year. “It has been an impressive rally for the precious complex since the nonfarm payrolls 10 days ago, however it looks like the momentum is now starting to wane,” said James Gardiner, a bullion trader with MKS Group.
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