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Commodities

Copper Prices Hold Steady Amid Supply Constraints and Shifting Trade Flows

Guavy AI Editorial Team
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Copper
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Copper prices have remained steady at $6.6758, showing a slight rise for the day according to the Traders Union.

This stability can be attributed to ongoing concerns about global copper supply constraints, which are supporting prices as trade flows shift inventory patterns worldwide.

The recent closure of US markets has dampened risk appetite, leading to more measured activity and subdued liquidity.

Bullish momentum is still present in the market, with strong buying dominance according to technical signals.

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