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Friday, June 21, 2013

Copper third week of decline

Copper is to decline for the 3rd week. Copper rebounded from the lowest level in 20 months after the news that China's Central Bank made funds available to lenders amid a cash squeeze.

China's benchmark money-market rates retreated from records and US $ for weekly gain on Bernanke's statement that Central Bank will slow down the stimulus.

Today on MCX Copper is now trading at 406 with a gain of 1.75


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