COMMODITY
Copper futures trade higher on Monday
Aug-19-2019

Copper futures traded higher on Monday after China announced new measures to support its slowing economy that has been hurt by the trade war with the United States. The People’s Bank of China said it will improve the mechanism used to establish the loan prime rate (LPR) from this month, allowing it to use market-based reform methods to help lower real lending rates.

Copper futures for September delivery gained $0.0040 to $2.5990 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was rose by 0.2 percent to $5,756 a metric ton.

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