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Commodity News Details
COMEX Copper tests two week low
04-Sep-2024 17:47
COMEX Copper futures melted yesterday, shedding around 3% as US equities tanked. The red metal fell further today and currently quotes at $4.07 per pound, down 0.49% on the day and lingering around two week low. Asian markets fell with China's Shanghai Composite index shedding 0.67%. Hong Kong's Hang Seng lost 1.10%. Japan's Nikkei 225 index melted more than 4% amid the hefty tech sell off in US. European stocks dipped with major indices losing more than half a percent on the day. US equities tumbled lower after re-opening session on Tuesday following a holiday shortened week on account of Labor day. Dow lost 1.5% on the day.

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