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Commodity News Details
Copper flares up to three week high
03-Dec-2024 17:27
COMEX Copper futures firmed up today as steady cues from equities boosted the red metal. The counter hit three week high and currently trades up 1.25% at $4.18 per pound. Copper saw a very good pick up today after a sedated start. MCX Copper futures lingered around Rs 809-10 zone in first couple of hours before pushing up impressively and saw sustained gains throughout the session. The counter currently trades up 1% at Rs 817.80 per kg. Meanwhile, Asian stocks saw a good upside today. China's Shanghai Composite index added 0.44%. Hong Kong's Hang Seng index rose 1% while Japanese Nikkei index spiked 1.91%. European markets saw modest gains. In the US, the S&P 500 extended its record-breaking streak, climbing 0.24%. The Nasdaq 100 gained 1%. The Dow Jones Industrial Average dipped 0.29%.

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