Copper Down Around 1% As Weak Equities Weigh

14 Sep 2022 , 05:14 PM

COMEX Copper slipped today amid weak cues from equities as worries over rising US inflation rates put pressure on the red metal. The counter currently trades down 1% at $3.51 per pound. Asian markets plunged with deep losses in Chinese and Hongkong shares. European shares were mixed with German stocks down around half a percent. The US stocks slumped on inflationary concerns. All three major U.S. stock indexes veered sharply lower, snapping four-day winning streaks and notching their biggest one-day percentage drops since June 2020. Powered by Commodity Insights