(29 May 2025, 17:40)

COMEX Copper futures test one-week low in intraday moves

COMEX Copper futures pulled back towards one-week low of $4.65 per pound but pushed up amid supportive cues from European equities. The red metal is currently trading at $4.70 per pound, up 0.70% on the day. The sustained drop in LME Copper inventories is keeping the metal elevated this month following a more than 8% tumble in April. Meanwhile, in Asia today, China's Shanghai Composite index rose 0.70% while Hong Kong's Hang Seng index gained 1.35%. Japanese NIKEEI index zoomed 1.90% to hit a two-week top. European indices edged up modestly. The US stocks eased across the board yesterday. The Dow declined 0.6%, the Nasdaq fell 98.23 points or 0.5% and the S&P 500 slid 0.6%. On the MCX, Copper futures are trading at Rs 865.50 per kg, up 0.33% on the day.

More News

(02 Jun 2025 18:30)
Rupee closes up
(02 Jun 2025 17:35)
INR settles higher, Powell speech in focus
(02 Jun 2025 17:29)
Copper soars to four-week high
(02 Jun 2025 17:23)
Euro speculators add net long position

Tweets by CapitalMarket17

Live News

COMEX Copper futures test one-week low in intraday moves