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Commodity News Details
Copper holds above $4 per pound
12-Aug-2024 18:01
COMEX Copper futures managed to hold above $4 per pound today as a recent bounce held sway amid muted action from equities. China's Shanghai Composite index fell 0.14% while Hong Kong's Hang Seng index added 0.13%. European stocks saw very choppy moves. US equities managed to end higher on Friday although amid a relatively lackluster performance. The major averages on the Wall Street finished the session off their highs of the day but still in positive territory. Copper is likely to see a sideways action ahead of US inflation figures though repeated support following latest slide is likely auguring positive for the metal.

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