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Copper Gains but Remains Under Threat, Natural Gas Rallies

October 14, 2015 at 21:56 by Vladimir Vyun

Copper gained today on the back of the weak dollar. The metal remains under threat of economic slowdown in China, the world’s biggest consumer. Wednesday’s economic data from the Asian nation was disappointing as consumer prices grew less than was expected while producer prices actually fell. December futures for delivery of copper gained 1.19 percent to $2.416 per pound as of 21:30 GMT on COMEX today.

Natural gas rallied on Wednesday as well with the help of weather forecasts that promised below-norm temperatures in parts on the United States. Now, traders wait for the supply report from the US Energy Information Administration. Experts predict that the data should show an increase by 92 billion cubic feet last week, smaller than the 95 billion gain during the preceding week. November futures for natural gas climbed 1.56 percent to $2.54 per million British thermal units on NYMEX today.

If you have any questions and comments on the commodities today, use the form below to reply.

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