Copper Under $5 Mark
22-May-2024
17:18
COMEX Copper sharply fell today, sliding under $5 per pound mark amid lax equities and worries over Chinese housing market. The metal quotes at $4.99 per pound, down around 2% on the day. China?s Shanghai Composite index ended flat while Japan?s Nikkei 225 index dipped 0.85%. Hong Kong?s Hang Seng index dipped 0.13% after hefty losses in last session. European stocks stayed weak with German DAX index giving up 0.41% and French CAC losing 0.66%. UK?s FTSE100 index lost 0.39%. Meanwhile, US markets ended with mild gains amid high volatility in last session. Dow added 0.17% on the day.
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