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Base Metals Preview: COMEX Copper Zooms In Asia

1 Dec 2022 , 09:15 AM

Copper soared on bullish US equities with traders reacting positively to highly anticipated remarks by Federal Reserve Chair Jerome Powell. The S&P 500 gained 121.18 points, or 3.06%, to end at 4,078.81 points, while the Nasdaq Composite gained 484.62 points, or 4.41%, to 11,468.40. The Dow Jones Industrial Average rose 716.21 points, or 2.12%, to 34,568.74. COMEX Copper extended the upbeat run today and currently trades up 1.12% at $3.78 per pound. Powered by Commodity Insights

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