Copper Falls Under $4.30 Mark On Sustained Selling Pressure

Copper Falls Under $4.30 Mark On Sustained Selling Pressure

Jun 17, 2021 05:06 IST capital market

COMEX Copper fell sharply today, not being able to hold onto their gains in Asia as equities slipped in Europe and the US dollar index stayed firm. The metal currently trades down 2% at $4.29 per pound - lingering around seven week low. MCX Copper has lost 0.78% as well to trade at Rs 716.50 per kg. European markets slipped with the UKs FTSE 100 index falling more than half a percent. LME Copper inventories hit a six week high above 142000 yesterday, keeping overall mood lax in the red metal.

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