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Commodity News Details
Copper declines from six week high
02-Sep-2024 17:50
COMEX Copper futures pulled back after hitting six week highs amid mixed cues from equities. Demand was thin after recent surge as bloated inventories on the exchanges weighed on the sentiments. The red metal currently quotes at $4.17 per pound, down 0.91% on the day. Copper neared $4.30 per pound mark in volatile trades on Friday before pulling back a little. Meanwhile, today in Asia, equity markets trended mostly lower with indices in China and Hong Kong losing more than 1%. European stocks eased marginally today. US equities ended Friday on a positive note with major averages reaching new highs for the session on the last trading day of August.

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