Copper futures on Wednesday may recover from the previous day's lows tracking overseas markets, where a weak dollar supported the red metal,
On Tuesday, the most-active November copper on the Multi Commodity Exchange (MCX) closed at 352.50 rupees per kg, down 0.5 per cent, after hitting an intra-day low of Rs 351.35.
London base metals rose by 0.4 per cent on a volume weighted average basis, supported by the dollar's decline to a seven-week low after the Federal Reserve meeting.
"It would open higher but the bias is on the lower side, 356 could be a good selling point,"
GOLD: Gold futures may recover on Wednesday tracking overseas markets, where a weaker dollar supported the yellow metal after the Federal Reserve meeting,
The most-active October gold contract on MCX last closed at Rs 19,018 per 10 grams, down 0.4 per cent from Monday and 1.2 per cent from the all-time high of Rs 19,257 struck on Sept 15. The contract may open at Rs 19,100.
International gold edged up, after hitting a fourth consecutive record, after the U.S. Federal Reserve moving closer to providing more support to the economy. Gold may trade in the range of Rs 19,000-19,150
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