MoneyWorks4Me

Copper futures settle higher on Monday

16 May 2023 Evaluate

Copper futures settled higher on Monday due to liquidity injection by PBOC, China's central bank in a bid to bolster economic growth. Moreover, weakness in the US dollar makes dollar-denominated copper more attractive to buyers holding other currencies.

Copper futures for July delivery gained $0.0225 to settle at $3.7510 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.24 percent at $8,272.50 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: