METALS-Copper up on weak dollar, ahead of Fed statement
* Investors to seek clues from Fed statement
* Weaker dollar supports, but demand doubts linger
* Dominant tin position resurfaces
(Adds closing prices)
By Pratima Desai and Michael Taylor
LONDON, Nov 4 (Reuters) - Copper rose on Wednesday as the dollar fell ahead of a statement from the U.S. Federal Reserve, which is expected to say interest rates will remain low for a long time to support the world's largest economy.
Benchmark copper MCU3 on the London Metal Exchange ended up at $6,570 a tonne from $6,460 at the close on Tuesday. The metal used in power and construction, hit a near two-week low at $6,372.25 on Tuesday.
Markets expect the Fed will leave rates at ultra-low levels after its two-day meeting later on Wednesday. [INT/RATE]
But investors will scrutinise the statement for sign posts to the future direction of monetary policy in the United States. [nFEDAHEAD] [ID:nN04432358] Continued...
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