Weekly Copper Review: COMEX Futures See Heavy Selling Pressure

2 Jul 2022 , 12:38 PM

COMEX Copper slumped, extending a downward spiral as weak equities and sustained selling pressure hurt the metal. A modest rise in LME Copper inventories to two week high in last session also weighed. The COMEX Copper futures crashed nearly to a multi-month low of $3.55 per pound. The US dollar index firmed up near 105 mark and kept a lid on risky assets. COMEX Copper has dropped more than 15% in the last one month. Powered by Commodity Insights