Copper futures, Gold futures News Update by Stock Advisory Indore

Copper futures end higher on Chinese stimulus measures

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Copper futures ended higher on Tuesday after Beijing announced new measures to stimulate economic activity in the world’s second-largest economy. Further, the United States and Mexico reached a deal on Friday to avert US tariffs on Mexican goods, too supporting copper prices’ uptrend. Copper futures for July delivery rose 0.4 percent to settle at $2.672 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange closed up 0.03 percent at $5,876 per tonne.

Gold futures end tad higher on Tuesday

Gold futures ended marginally higher on Tuesday, on account of rising expectations for an interest rate cut this year amid global economic worries. Besides, a weaker dollar and softer US stock indexes buoyed the safe heaven bullion investments. Gold futures for June delivery rose $1.90, or 0.1%, to settle at $1,331.20 an ounce on the Comex division of the New York Mercantile. However, spot gold dipped slightly to $1,327.41 per ounce.

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