LIVE FUTURES 28/07: Base metal prices mixed ahead of Fed meeting, copper down 0.5%

Base metals prices were mixed on the London Metal Exchange during morning trading on Wednesday July 28, with the market hesitant ahead of the Federal Reserve meeting later on Wednesday.

"United States' equity index futures traded mixed ahead of the Fed's policy statement, with analysts expecting modest tweaks on the inflation language and virus risks," Anna Stablum, LME desk analyst at Marex, said.
The three-month copper price dipped on Wednesday morning to $9,704.50 per tonne, down by 0.5% from $9,758.50 per tonne at Tuesday's 5pm close, despite reaching a high of $9,830 per tonne during overnight trading.

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