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MTECHTIPS:-COPPER
London copper inched higher on Monday, recovering from seven-week lows plumbed last week, as
the prospect of a recovering U.S. economy buoyed prices, although lingering concerns about global
growth kept a lid on gains. U.S. economic growth picked up in the third quarter as a late burst in
consumer spending offset the first cutbacks in investment in more than a year by cautious businesses. Outlook: Copper is expected to trade with positive bias and later take cues from US economic data( US Personal spending and Personal Income)
London copper inched higher on Monday, recovering from seven-week lows plumbed last week, as
the prospect of a recovering U.S. economy buoyed prices, although lingering concerns about global
growth kept a lid on gains. U.S. economic growth picked up in the third quarter as a late burst in
consumer spending offset the first cutbacks in investment in more than a year by cautious businesses. Outlook: Copper is expected to trade with positive bias and later take cues from US economic data( US Personal spending and Personal Income)
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