Copper sees lax moves
02-Dec-2024
18:11
COMEX Copper futures are witnessing choppy moves. The counter saw an intraday recovery and broke above $4.10 per pound mark though lax European equities capped gains. COMEX Copper futures are currently trading at $4.13 per pound, down 0.14% on the day. In Asia, stock markets saw a good upmove. China's Shanghai Composite index rose 1.10%. Hong Kong's Hang Seng index rose 0.65% while Japanese Nikkei index spiked 0.80%. However, uropean markets saw turned lower with French CAC index losing 0.71%. Copper had hit one week high on Friday as the US stocks edged up following the Thanksgiving Day holiday. The major US averages more than offset the previous session's losses, pushing the Dow and the S&P 500 to new record closing highs.
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