4th December 2013
Copper has inched higher in commodities trading markets today (December 4th), as investors await US data later in the session.
Figures relating to the number of private-sector jobs created in the country and the amount of new home sales completed are set to be published, as well as the nation's trade balance.
The Federal Reserve is due to hold its next policy meeting on December 17th -18th and has stated it considers both the US housing and labour markets as integral to its decision to begin reducing its monetary stimulus.
Copper for March delivery advanced by 0.3 per cent to $3.178 per pound on the Comex division of the New York Mercantile Exchange, following a 0.47 per cent decline in the previous session.
Prices for the metal, which is generally used for industrial purposes, have fallen by around 14 per cent over the course of the year, largely as a result of uncertainty regarding the Fed's quantitative easing programme.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.