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Commodity Pre Session News

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(14 Nov 2024, 09:08)

Base Metals Preview: Copper down over 1% in early Asia


COMEX Copper futures linger around a two month low amid mixed equities and massive spike in dollar overnight. The red metal currently quotes at $4.03 per pound, down over 1% on the day. Choppy trading on Wall Street came following the release of closely watched consumer price inflation data that came in line with expectations. While the tech-heavy Nasdaq dipped 50.66 points or 0.3 percent to 19,230.74, the S&P 500 crept up 1.39 points or less than a tenth of a percent to 5,985.38 and the Dow inched up 47.21 points or 0.1 percent to 43,958.19.

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