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Commodity News Details
Copper holds around three week top
07-Jan-2025 17:54
COMEX Copper futures are holding around a three week high amid largely supportive cues from the equities. The metal currently trades at $4.18 per pound, up 0.49% on the day as weakness in the US dollar is pushing up the metal after it fell near $4 per pound around fag end of last year. In Asian stock markets today, China's Shanghai Composite index gained 0.71% amid bargain buying after recent losses. Hong Kong's Hang Seng index lost 1.22%. Japanese Nikkei index jumped around 2% as a weaker yen boosted tech stocks. European stocks continued to see modest gains. The US stocks stayed largely supported on Monday with the Nasdaq jumping around 1.2% and keeping overall sentiments optimistic.

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