18th March 2014
Copper prices have swung between minor gains and losses in commodities trading markets today (March 18th), with investors expressing caution ahead of a much-anticipated speech from Russian president Vladimir Putin.
He will address the country's parliament on making Crimea part of the Russian Federation, following the outcome of Sunday's referendum.
With a muted reaction to the vote in terms of Western sanctions and tensions in Ukraine, trading sentiment has been supported.
Investors are also looking ahead to the US inflation data due later in the session and the Federal Reserve's policy statement tomorrow.
Copper for May delivery fluctuated between $2.941 and $2.992 per pound on the Comex division of the New York Mercantile Exchange, having dropped to a low of $2.921 yesterday.
Figures relating to the number of building permits issued in the US and American housing starts last month will also be published today and are likely to be of interest to those trading the industrial metal.
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