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Commodity News Details
Copper slumps from four month top
11-Feb-2025 17:30
COMEX Copper slumped today as markets eyed the latest salvo fired by the US President Donald Trump towards the global tariffs landscape. Mixed to weak equities capped recent advances in Copper and the COMEX Copper futures are currently down 2.40% at $4.59 per pound. It had spiked around 3% in last session, hitting four month highs. However, the broad threshold of $4.70-$4.80 continues to prevent further upside in the commodity. Meanwhile, in equities today, China's Shanghai Composite index slipped 0.12%. Japanese Nikkei average ended flat. Hong Kong's Hang Seng index tanked around 1%. European stocks saw thin moves after good gains in last session. The US stocks edged higher on Monday following heavy losses in previous session. The Nasdaq jumped 1%, the S&P 500 added 0.7% while the Dow gained 0.40%.

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