Copper eases on caution over US data
COPPER eased on Thursday after hitting a 16-month high as the dollar firmed, caution set in ahead of today's US payrolls data and traders worried about possible monetary tightening in China.
``Base metals are expected to trade on choppy tracking mixed fundamentals. Copper prices slumped to their lowest levels in two weeks on Monday, weighed down by a combination of US dollar strength and growing concerns that China will take further steps to tighten monetary policy,`` said SMC in a report.