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Commodity News Details
Copper Plunges To One Week Low
02-May-2024 17:29
COMEX Copper futures fell sharply today on profit selling after recent spurt. The metal broke under $4.50 per pound and currently quotes at $4.48 per pound, down 1.29% on the day. Copper is down to one week low following this amid largely mixed movement in world equities. In Asia, China?s Shanghai Composite index fell 0.26%. Hong Kong?s Hang Seng index spiked 2.5%. Japan?s Nikkei 225 index gained 0.10%. European stocks saw tepid moves with French CAC leading losses with 0.84% tumble. DOW gained in volatile trades, adding 0.23% on the day. The Nasdaq slipped 0.33%.

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