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Commodity News Details
Copper softens half percent after sharp rally in last session
10-Sep-2024 17:42
COMEX Copper futures saw sideways trend today as mixed cues from Asian and European equities capped major gains for the counter. COMEX Copper futures currently quote at $4.12 per pound, down 0.48% on the day. Copper had raced up sharply in last session as firm cues from the US equities and a slide in the US dollar index boosted the counter. The major averages on the Wall Street all moved sharply higher over the course of the session on Monday. Major US indices zoomed more than 1%. Optimism the Federal Reserve will lower interest rates later this month boosted Wall Street despite lingering concerns about the labour market. COMEX Copper rallied 1.74% in last session.

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