Some marginal decline in Copper markets was seen in domestic contracts on MCX on Monday. The prices of Indian Copper futures were at Rs 414.6 per kg, down Rs 2 per kg. The August expiry contract of Copper is expiring in the next 2 days and therefore the activity is rather dull. The rise of EURO against the Dollar is helping Copper only marginally as of now. Dollar is trading at 1.4541 against the EURO down from 1.4497 against the EURO last week.
U.S. economic growth in the second quarter of 2011 was slower than initially reported, according to figures released Friday by the Commerce Department. Following weak gross domestic product growth in the first quarter, second quarter GDP increased at an annual rate of 1%, according to the report.
