Copper Heads for Second Weekly Gain on Stockpiles: LME Preview
Copper climbed, set for a second weekly advance, after London Metal Exchange stockpiles fell to their lowest level in almost six months.
Metal Prices: -- Copper rose $186, or 2.5 percent, to $7,496 a metric ton by 7:27 a.m. on the London Metal Exchange. Relative Strength Index 45. -- Aluminum gained 0.3 percent to $2,212.75 a ton. RSI 42.1. -- Zinc jumped 1.1 percent to $1,945 a ton. RSI 44.6. -- Lead was unchanged at $2,036 a ton. RSI 44.3. -- Nickel gained 1 percent to $18,639 a ton. RSI 42.7. -- Tin climbed 1.4 percent to $22,300 a ton. RSI 50.1. Other Markets: Last % Change % YTD U.S. Dollar Index 76.920 -0.2 -2.7 Crude oil $84.80 0.7 -7.2 Gold $1,671.81 0.2 17.7 MSCI World Index 1,170.05 0.1 -8.6 Economic events: Forecast Prior Time (London) Euro-zone CPI MoM AUG 0.8% 0.2% 10:00 U.S. Advance Retail Sales SEP 0.7% 0.0% 13:30 U.S. Univ. of Michigan Confidence OCT P 60.2 59.4 14:55 U.S. Monthly Budget Statement SEP -$64.0B -$34.6B 19:00
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