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Commodity News Details
Copper bounces from three month low
08-Apr-2025 17:41
COMEX Copper rose from three-month lows. The metal currently trades up 2.80% at $4.30 per pound amid signs of recovery in global stock markets. MCX Copper is also up 1.23% at Rs 814.90 per kg after testing around 807 per kg mark. Asian stocks saw some calming moves. China's Shanghai Composite index rose 1.58 percent to 3,145.55. The People's Bank of China set the so-called fixing at 7.2038 per dollar, the weakest since September 2023. Hong Kong's Hang Seng index rose 1.51% after tanking 13% in last session. Japan's Nikkei index gained 6%. European stocks edged up after a meltdown in last session. The US stocks ended mixed yesterday. While the tech-heavy Nasdaq added 0.1% after plummeting by more than 5 percent in early trading, the S&P 500 fell 0.2%. The Dow dipped 0.9% on the day, hovering around eight month low.

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