Commodity: Base Metals Preview – COMEX Copper eased on Profit Selling

commodity intraday tips, commodity tips, MCX NCDEX Advice, MCX Agri Commodity Tips, Intraday Tips, MCX Gold Silver, MCX Bullion, MCX Base Metal, Agri commodities, Copper , Base metals, Mentha oil, Natural Gas, crude oil, commodity faceCOMEX Copper eased today as a drop from 3½ year highs extended on profit selling. US dollar strength is emerging as a key factor for weakness in metals, while traders took profits after the huge surge in copper in last few weeks. US dollar soared to the 3-month high near 95 marks and COMEX Copper is off 0.85% to trade at USD 3.15 per pound.
Gold was little changed on Friday, after plunging to a 3-week low as the dollar gained versus the euro after the European bank policy (ECB), extending its bond-buying programme. Spot gold was unchanged around at USD 1,266.10 /ounce later morning hours hitting its lowest since Oct. 6 at USD 1265.08 /Once in early trading.
The Dollar V/s Dollar:- The dollar stood high on Friday, while the euro slumped to 3-month lows after the ECO extended its bond purchases and reduced the chances that it would hike interest rates in 2018.

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