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As on: Jan 26, 2021 01:02 AM
Base Metals Preview: Copper Locked In Choppy Trades
14-Jan-21   08:53 Hrs IST
COMEX Copper edged up a little but thin moves in equities capped gains. Economic data was supportive though. Eurozone industrial production growth accelerated in November driven by robust growth in capital goods output, data from Eurostat showed Wednesday. Industrial output climbed 2.5% month-on-month, faster than the 2.3% increase seen in October. This was the fastest growth in four months. COMEX Copper trades at $3.61 per pound, down 0.130% on the day right now. MCX Copper was choppy, ending down marginally at Rs 610.90 per kg as Indian Rupee gained. The INR closed at 73.15 per US dollar, up 10 paise on the day.

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