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Commodity News Details
COMEX Copper futures consolidate around three week high
05-Dec-2024 17:46
COMEX Copper futures consolidated around three week high amid steady cues from equities. The metal currently quotes at $4.19 per pound, almost unchanged on the day. Copper had seen a good gain on Tuesday but is holding steady thereafter. China's Shanghai Composite index added 0.12% while Japanese Nikkei index rose 0.30%. European markets saw small gains. In overnight moves, Benchmark indices on Wall Street scaled new peaks on Wednesday after comments from Fed Chair Jerome Powell ahead of the policy announcement on December 18. Dow Jones closes above 45,000 for the first time after Jerome Powell says economy is 'remarkably good'

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