Copper Crashes, Global Consumer Sentiments Stay Weak

17 Nov 2022 , 05:09 PM

COMEX Copper futures tanked today as a recent retreat extended amid weak global consumer sentiments and negative cues from equities. COMEX Copper futures are currently quoting at $3.72 per pound, down 1.26% on the day. Ipsos Global Consumer Confidence Index for the latest edition reads at 45.5, virtually unchanged (-0.1 point) for the second consecutive month and continuing to sit at its lowest level in more than a year. The Global Consumer Confidence Index is the average of all surveyed countries National Indices. This months installment is based on a monthly survey of more than 17,000 adults under the age of 75 from 23 countries conducted on Ipsos Global Advisor online platform. This survey was fielded between October 21 and November 4, 2022.Powered by Commodity Insights