ZOID RESEARCH 22-AUGUST-2014 : COPPER

LME Copper prices rose 0.1 percent on speculation that rising home sales signal improving demand in the U.S., the world’s top metals user after China. Further, fall in unemployment claims along with strong manufacturing data from the US pointed towards recovery in the major consumer. However, sharp upside in the prices was capped owing to weak manufacturing data from China. Also, gain of 0.8 percent in LME stocks acted as a negative factor.

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