METALS:: LME copper edges higher ahead of fed decision, outlook.
London copper edged higher in Asian trading on Monday ahead of the Federal Reserve’s interest rate decision this week, with traders awaiting the U.S. central bank’s policy guidance and economic outlook.
Three-month copper on the London Metal Exchange was up 0.3% at $8,430 per metric ton, as of 0700 GMT, while the most-traded October copper contract on the Shanghai Futures Exchange ended daytime trade 0.3% lower at 69,450 yuan ($9,525.44) per ton.
The US Federal Reserve interest rate decision is the key data point for the week for both metals and energy prices
NAHB Housing Market Index
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