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Commodity News Details
Copper up 6.70% so far this month
30-Jan-2025 18:06
Copper edged up today amid modest gains in equities but stayed in an overall tight range. COMEX Copper futures are currently trading at $4.29 per pound, up 0.35% on the day. The metal had tested two week low earlier this week but is up around 6.70% for the month of January so far. Asian stocks rose in thin holiday trade. Japanese Nikkei average added 0.25% while Australian benchmark S&P/ASX 200 rose 0.55% to hit record highs. European stocks saw modest upmove today. The US stocks fell yesterday as the Federal Reserve announced its widely expected decision to leave interest rates unchanged following its first monetary policy meeting of 2025. The Dow slipped 0.3% on the day.

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