| 21 Sep 2024 15:36 | | Weekly Copper Review: COMEX futures jump near two month high as firm equities support sentiments | | | COMEX Copper futures consolidated near two month high after rising in last few days. The counter neared $4.40 per pound amid soaring equities as the Dow and the S&P 500 reached new record closing highs. Copper futures surged, reflecting an improved global economic outlook and increased appetite for risk assets. Despite China keeping key lending rates unchanged, markets remain optimistic about further stimulus following disappointing economic data. Energy shortages in Zambia are impacting copper production, raising concerns about supply. | | Powered by Capital Market - Live News |
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