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Commodity News Details
Copper corrects near $4.20 per pound mark
13-Dec-2024 17:20
COMEX Copper futures stayed slippery after the metal saw a sizable correction from five week high in last session. A hefty drop in Asian equities also weighed on the metal and the counter drifted near $4.20 per pound mark. It currently trades down 0.26% at $4.23 per pound. Copper is attempting a recovery after falling 4.60% last month. It is up around 2% for this month so far. Meanwhile, China's Shanghai Composite index lost 2% while Hong Kong's Hang Seng index also saw similar losses as focus shifted to policy updates from the high-profile economic policy meeting in China. Japanese Nikkei index also dipped 0.95%. European markets saw modest gains ahead of weekend. US stocks ended lower yesterday with all major indices closing in red. The Dow dropped for the sixth consecutive session.

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