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Commodity News Details
Copper Consolidates Around $5 Per Pound
15-May-2024 17:42
COMEX Copper futures soared above $5 per pound mark in intraday moves as a massive rally extended for the metal. Prices came off record highs amid mixed equities though and currently the metal quotes at $4.98 per pound, up 1.76% on the day. Meanwhile, China?s Shanghai Composite index fell 0.82% while Japan?s Nikkei 225 index added 0.08%, making it a mixed outing for Asian stock indices. European stocks mostly stayed supported with German DAX index rising 0.51%. The US stocks saw good gains in last session and kept Copper elevated. The tech-heavy Nasdaq spiked around 0.80% while S&P 500 index added 0.5%. The Dow rose 0.3%.

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