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JJCTF - Copper Sits Around The $2.60 Per Pound Level Waiting For The Next Shoe To Drop
iPath Bloomberg Copper Subindex Total Return Sub-Index ETN
The price of nearby September copper futures on the COMEX division of the Chicago Mercantile Exchange has been trading on either side of the $2.60 per pound level. The copper market is anxiously waiting for the next news on the trade and currency war between the US and China. China is the demand side of the equation for the base metal as GDP growth of over 6% in a country that is home to 1.4 billion people continues to build infrastructure.
Copper is the leader of the base metals that trade on the London Metals