Copper gave up overnight gains and fell back into the red in early trades on Thursday, tracking a rebound in dollar index. Yesterday a sharp pull back in treasury yields led equities higher that propped up the red metal. However, continued increase in copper stock is adding to demand concerns and weighing down the commodity. Meanwhile, markets are now awaiting Chinese manufacturing activity data, due on Friday for further cues. COMEX copper is currently quoting down 0.71% at $3.35 per pound. Powered by Commodity Insights
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