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Commodity News Details
Copper Supported Near Two Year High
13-May-2024 17:18
COMEX Copper futures stayed supported near two year high though mixed to flat equities capped gains for the metal after recent rally. The counter currently quotes at $4.70 per pound, up 0.84% on the day. Meanwhile, China?s Shanghai Composite index fell 0.21% today while Hong Kong?s Hang Seng index soared 0.80%. Japan?s Nikkei 225 index eased 0.13%. European stocks stayed mostly supported. German DAX rose 0.09% while French CAC eased 0.17%. UK?s FTSE100 index is up marginally. The Dow extended its winning streak on Friday as investors continued to focus on earnings. DOW edged up 0.32% on the day. Copper had soared nearly 1.7% in last session.

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