MoneyWorks4Me

Copper futures settle higher on improved demand

19 Apr 2023 Evaluate
Copper futures settled higher on Tuesday on account of improved demand after Chinese GDP grew by 4.5% year on year in the first quarter of 2023 against expectations of 4% growth. Moreover, weak US dollar, falling inventories in LME warehouses and expectations of further economic stimulus from the Chinese government also supported red metal prices’ uptrend.

Copper futures for May delivery gained $0.0255 to settle at $4.0915 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.54 percent at $9,012.50 a ton. 

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: