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Copper futures end down on Friday

15-May-2021 11:27 Hrs IST

Copper futures ended down on Friday, despite the US dollar dropped against the rival currencies as fears of accelerating inflation receded. Further, worries over tightening the credit policies, added the downward pressure on copper prices.Copper futures for July delivery fell $0.0360 to settle at $4.6545 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.98% at $10,240.50 a ton.

Gold futures end higher on Friday, marks second straight weekly gain

15-May-2021 10:21 Hrs IST

Gold futures ended higher for second straight session on Friday as the unexpectedly muted US retail data weighed down the dollar and US treasury yields, bolstering the yellow metal investments. The dollar index shed 0.4%, making bullion cheaper for those holding other currencies. Gold for the most active contract marked second consecutive weekly gain, of about 0.4% registering highest weekly gain since February. Gold futures for June climbed by 0.8% or $14.10 to settle at $1,838.10 an ounce on the Comex division of the New York Mercantile. While, spot gold rose 0.6% to $1,838.05 per ounce.

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