Copper is trading higher, possibly amid Chinese measures to support the property sector.
Portfolio Pulse from Benzinga Newsdesk
Copper prices are trading higher, potentially due to Chinese measures to support the property sector.
May 17, 2024 | 3:37 pm
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POSITIVE IMPACT
Copper prices are trading higher, which could positively impact the United States Copper Index Fund (CPER). The rise is potentially driven by Chinese measures to support the property sector.
The increase in copper prices is likely to benefit CPER, which tracks the performance of copper. The news of Chinese measures to support the property sector is a significant driver for this price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80