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Commodity News Details
Copper slides near $4.10 per pound as European equities fall
19-Nov-2024 17:58
COMEX Copper futures pulled back as a choppy movement continued for the red metal after it tested three month low recently. The counter quotes at $4.10 per pound, down 0.39% on the day as worries posed by Ukraine-Russia war escalations capped gains. Media reports stated that Ukraine launched an attack on the Russian Bryansk region overnight with six US-made ATACMS long-range missiles. European markets fell with German DAX losing more than 1%, pulling Copper lower as the US dollar index strengthened following a brief correction in Asian trades. Market is also waiting for the monthly update from International Copper Study Group in order to assess latest demand supply dynamics.

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