Copper again dropped down after the issues of Chinese economy and the uncertainty of the US Fed to raise interest rates gained ground. Indian markets saw Copper plummeting to Rs 332 per kg, down from Rs 339 per kg a day earlier. China devalued the yuan by nearly 2% and declining it to levels of 2012. This means that the policymakers are trying hard to make the exports more competitive then imports and boost the economy. This will also mean that Copper imports will get affected, which will be a double blow as seasonal lean is already looming on the demand. Copper prices for September delivery on the Comex division of the New York Mercantile Exchange dropped 4.4 cents, or 1.81%, to trade at $2.356 a pound. Copper prices have been under pressure in recent weeks amid growing concerns over the health of China’s economy. Meanwhile, in the news were the comments of Federal Reserve Governor that sparked row of whether US Fed rates hikes will be seen this year. Fed Governor Stanley Fischer said Monday the central bank is concerned about low inflation and won’t start to raise rates before it sees inflation returning to more normal levels.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video)