COMEX Copper Off Two Month Low

COMEX Copper Off Two Month Low

Jun 18, 2021 12:06 IST capital market

COMEX Copper fell sharply yesterday as equities slipped in Europe and the US dollar index stayed firm. The metal tanked around 4.5% to fall under $4.20 per pound - testing near two month low. Some buying emerged in the metal today on supportive US economic cues. The COMEX Copper futures are currently trading up 0.46% at $4.19 per pound. The US Conference Board said its leading economic index surged up by 1.3% in May, matching the revised jump in April. The report said the coincident economic index climbed by 0.4% in May after rising by 0.3% in April and jumping by 1.3% in March. The lagging economic index fell by 2.2% in May after soaring by 3% in April and plunging by 4.2% in March.

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