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Copper Advances in London as Dollar's Drop Increases Demand: LME Preview

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Copper Advances for Third Day as Dollar's Drop Increases Investor Demand

Sep 20 (Bloomberg)&mdash;
Copper climbed for a third day in London as the dollar weakened, boosting demand for raw materials as alternative investments. Zinc and lead advanced.
-- Copper rose $75, or 1 percent, to $7,795 a metric ton on 
the London Metal Exchange at 7:07 a.m. Relative Strength Index 
65.3. 
-- Aluminum gained 0.7 percent to $2,196 a ton. RSI 62. 
-- Zinc jumped 2.1 percent to $2,196.5 a ton. RSI 59.3. 
-- Lead rose 0.5 percent to $2,227.75 a ton. RSI 60. 
-- Nickel gained 0.9 percent to $23,401 a ton. RSI 66.2. 
-- Tin was unchanged at $23,600 a ton. RSI 75.5.
Other markets:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Last&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; % Change&nbsp;&nbsp; % YTD 
U.S. Dollar Index&nbsp;&nbsp; 81.245&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -0.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.4 
Crude oil&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $73.73&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -7.1 
Gold&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1,281&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.8 
MSCI World Index&nbsp;&nbsp;&nbsp; 1,157.51&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -0.9
Economic Events: 
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forecast&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prior&nbsp;&nbsp;&nbsp;&nbsp; Time 
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U.S. National Association of Home 
Builders market index&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15:00 
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UPDATE 1-Zambia Jan-July Copper, Cobalt Output up y/y -cbank

copper-advances-in-london-as-dollars-drop-increases-demand:-lme-preview

Copper Advances in London as Dollar's Drop Increases Demand: LME Preview | SMM

Copper Advances in London as Dollar's Drop Increases Demand: LME Preview

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