Copper Price Range-bound as Market Awaits Fed Cues

  • Tuesday, September 17, 2013
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  • Keywords:London Metal Exchange copper price Asian mornin
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[Ferro-Alloys.com]The London Metal Exchange copper price traded in a tight range during Asian morning trading on Tuesday September 17 as investors remained cautious ahead of the US Federal Reserve’s policy meeting.
 
At 02:45 London time, three-month copper stood at $7,084 per tonne, $13 higher than its opening of $7,071. “Trading remained light as the market is waiting for the Fed policy decision to set the direction,” an analyst from Galaxy Futures said.
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