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Commodity News Details
COMEX Copper slides near $4.40 per pound
25-Jun-2024 17:23
COMEX Copper futures drifted lower amid choppy to weak equities and neared two month low as Chinese demand worries stayed in place. The red metal currently trades at $4.41 per pound, down 0.59% on the day. The latest spike to one week high has been failing to hold for the counter amid sustained rise in LME Copper inventories. Meanwhile, China?s Shanghai Composite index continued to decline today, shedding 0.44% while Japan?s Nikkei 225 index jumped around 1%. European stocks eased after rising in last session. German DAX index lost 1% and French CAC gave up 0.70% on the day. UK?s FTSE 100 eased 0.20%. US shares ended mixed. Among the major averages, the Dow closed higher, extending gains to a fifth straight session.

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