Copper futures jump higher on Monday although the metal continues to stay under pressure amid weak economic scenario and tumbling equities worldwide. Chinas service sector unexpectedly shrank in September, boding poorly for the worlds second-largest economy, as it struggles with the aftermath of crippling COVID-related disruptions. Meanwhile, persistent worries about higher interest rates continued to weigh on Wall Street as stocks moved sharply lower during trading on Friday. COMEX copper futures are currently up 0.71% at $3.40 per pound. Powered by Commodity Insights
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