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KEFI Minerals Plc

Copper set for 1st weekly gain in 8 weeks amid easing dollar

Copper prices on the London Metal Exchange (LME) rose on Friday as the U.S. dollar weakened, while the metal looked set for a weekly gain for the first time in eight weeks.

Three-month copper on the London Metal Exchange rose 0.7% to $5,851.50 a tonne by 0158 GMT. On a weekly basis, it has risen 0.4% and would be the first gain since the week ended April 12.

Meanwhile, the dollar index eased on Friday and was poised for its worst weekly performance this year, as investors waited for a key U.S. jobs report.

 

KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.