Copper Pulls Back From 14-Month Low As Sentiment Improves

Feeling the copper futures market by speculation European Central Bank cut about a possible increase in interest rates by a minimum of 14 months as losses are taken on Monday, were compared.

Decrease of 1.15%, the European is USD3.279 per pound for December delivery traded on the New York Mercantile Exchange, Comex copper futures division.

Previously, the lowest trade since July 22, 2010 USD3.072 sterling fell 6.9%.

The ECB management board, after Ewald Nowotny, amid speculation that the region could be of interest rates to stimulate the appetite for risk improvement in the economy, said members should not be a possibility of reductions in interest rates should be discarded.

"The ECB will never pre-committed and rate reductions can not be ignored. It all depends on future developments," said Nowotny before.

Following the performance of the dollar against a basket of six index dollar exchange foreign, 78 comments against the U.S. dollar was trading down 0.25% and provided support to the single currency, 72 years, up 0 , 6% of pre-contrast.

A weaker dollar increased demand for raw materials as an alternative investment, and the dollar-priced goods cheaper for holders of other currencies is.

Copper-term expectations of demand for industrial metals weighed the first concerns the emergence of global economic growth fell sharply.

CME Group, operator of a Comex margin deposit for a walk at the same time the positions of speculative investors had to be an increasing amount of money.

After the close of business Friday, the market on Monday after closing, an initial margin of CME, U.S. $ 6, 750 contracts of copper increased by 18%.

A silver medal for December delivery fell 3.13% to trade elsewhere on the Comex, October delivery, gold, USD1, 636.15 one troy ounce earlier losses to facilitate exchanges of 0.16% over USD29. 18 troy ounces of 10-month low.

Margins per ounce of silver contracts 875 5000 contracts, while 16% of the FMC USD24, 475 to 100 oz contract USD9, 450, USD11 for the first margin increased to 21% of gold contracts.