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Commodity News Details
Base Metals Preview: COMEX copper down over 1% in early Asia
07-May-2025 09:08

COMEX copper retreated from a one-week high in early Asian trades on Wednesday tracking a good rebound in dollar overseas amid announcement of the US-China trade talks in Switzerland this week. Moreover, negative cues from overnight equities also weighed on the red metal. The major averages finished the day firmly in negative territory. The Dow slumped 389.83 points or 1.0 percent to 40,829.00, the Nasdaq slid 154.58 points or 0.9 percent to 17,689.66 and the S&P 500 fell 43.37 points or 0.8 percent to 5,606.91. Currently, the counter is quoting at $4.72 per pound, down 1.15% on the day.

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