US WEBCAST – Copper surges in midweek session, gold declines

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  • Copper futures jumped to a two-week high amid a general market recovery and positive signs out of China.
  • The organisation downgraded its 2016 forecast to 3.2 percent growth from 3.4 percent because of a slowdown in emerging markets and stagnation in developed countries.
  • Gold initially benefitted from the news, but a stronger dollar weighed on the precious metals complex today.

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