Copper futures fell sharply on Monday tracking slump in US equities over the weekend. Major averages posted steep losses last week. The Dow tumbled by 4.1 percent, while the S&P 500 plunged by 4.8 percent and the Nasdaq plummeted by 5.5 percent. A steep drop by shares of FedEx (FDX) contributed to the weakness on Wall Street, with the delivery giant plunging by 21.4 percent to a two-year closing low. Meanwhile, recovery is dollar ahead of Fed rate decision is also adding pressure n the red metal. Copper futures are trading down 0.65% at $3.5 per pound. Powered by Commodity Insights
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