COMEX Copper stayed well supported, breaking above $3.60 per pound yesterday amid firm US equities. The US Stocks showed a strong move to the upside despite lack of major economic cues. The Dow jumped 333.83 points or 1.0 percent to 33,160.83, ending the session at its best closing level in well over two months. The Nasdaq also climbed 51.68 points or 0.5 percent to 10,616.20, while the S&P 500 advanced 21.31 points or 0.6 percent to 3,828.11. However, Copper slipped in Asia today on profit selling and currently trades at $3.65 per pound, down 0.77% on the day.Powered by Commodity Insights
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