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Commodity News Details
Copper in tight range, MCX futures test Rs 833 per kg before recovery
28-Oct-2024 17:39
COMEX Copper futures were seen moving in a tight range today though steady equities capped losses. The red metal currently quotes at $4.35 per pound, down 0.34% on the day. Asian stocks advanced, with the Japanese yen weakening to a three-month low. Investors eagerly awaited details of China's fiscal stimulus plans, as a recent report revealed a deepening decline in industrial profits. European markets were mostly steady on Monday. US stocks closed mixed on Friday, with the Nasdaq hitting a new intraday high while the S&P 500 and Dow Jones Industrial Average finished below recent peaks. MCX Copper futures are trading flat at Rs 837.25 per kg for November delivery after testing a low of Rs 833 per kg.

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