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Commodity News Details
Copper gives up latest gains $4.40 mark caps upmove
08-Nov-2024 17:45
COMEX Copper futures continued to see volatile movement today. The metal had edged up around 4% in last session following a brutal selloff on Wednesday but $4.40 per pound threshold seems to be capping the upside for the COMEX Copper futures. The metal currently quotes at $4.33 per pound, down 2.26% on the day. Meanwhile, in Asia, China's Shanghai Composite index eased 0.57% after recent surge. Hong Kong's Hang Seng index fell 1%. Japanese Nikkei index added 0.30% on the day. European markets slipped ahead of weekend with German DAX index losing 0.79% while French CAC index slumped more than 1%. The US stocks stayed mostly supported on Thursday. With the continued advance, the Nasdaq and the S&P 500 reached new record closing highs.

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