Copper continue to stay weak, close to the flat line on Wednesday amid persistent worries over global slowdown coupled with China worries. Investor sentiment stay bleak as China failed to ease its strict COVID-19 policy and as a global economic downturn dampens metals demand. COMEX copper is currently quoting marginally lower by 0.05% at $3.36 per pound. Reflecting worries about rising interest rates, building material bottlenecks and elevated home prices, the National Association of Home Builders released a report on Tuesday showing a continued deterioration in U.S. homebuilder confidence in the month of October. Powered by Commodity Insights
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