Copper futures were trading on a flat note in the domestic market on Today as investors refrained from booking fresh positions in the industrial metal ahead of the monetary policy decision by the US Federal Reserve next week. Investors are jittery that a scale back of record stimulus may exert further upward pressure on US interest rates and hurt the country’s economic recovery, dimming the demand prospects for the industrial metal.
MCX Copper futures muted as Fed decision eyed
Copper futures were trading on a flat note in the domestic market on Today as investors refrained from booking fresh positions in the industrial metal ahead of the monetary policy decision by the US Federal Reserve next week. Investors are jittery that a scale back of record stimulus may exert further upward pressure on US interest rates and hurt the country’s economic recovery, dimming the demand prospects for the industrial metal.
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