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(03 Jun 2024, 17:33)

Copper gains after recent losses


Copper rose from three week low today as recent losses triggered some upmove amid mostly supportive global stock markets. The counter currently trades at $4.66 per pound, up 0.76% on the day. China’s Shanghai Composite index eased 0.27% while Japan’s Nikkei 225 index rose 1.13%. Hong Kong’s Hang Seng index jumped 1.80%. European stocks gained. German DAX soared 0.75% and French CAC is up 0.38%. US stocks gained in last session. The Dow bounced off its lowest closing level in almost a month and soared 1.5%. COMEX Copper had tested around three week low in last session.

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