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Commodity News Details
COMEX Copper off three week low
05-Sep-2024 17:57
COMEX Copper futures fell to a three week low of $4.04 per pound today before witnessing some stability. Elevated inventories and continued selloff in Chinese stocks weighed on the red metal. China's Shanghai Composite index ended flat, holding at a multi month low. Hong Kong's Hang Seng lost 0.07% Japan's Nikkei 225 index tumbled 1%. European stocks saw mixed moves though French equities saw considerable losses. US stock markets experienced a mixed start to September. The S&P 500 and Nasdaq Composite declined for a second consecutive day Wednesday, while the Dow Jones Industrial Average gained slightly.

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