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Copper holds near two month high

17-Sep-24 17:42 Hrs IST

COMEX Copper futures are holding near two month high amid mostly positive equities and weak US dollar. A recent drop in LME Copper inventories from five year highs is also pushing up the metal. COMEX Copper futures are currently at $4.28 per pound, up 0.22% on the day. Asian markets were broadly supported today though trading volumes were subdued due to market holidays in China and South Korea. European market edged higher. Major indices are up more than half a percent. In the US, the S&P 500 gained 0.13%, while the Dow rose 0.55%, notching a record close. The tech-heavy Nasdaq Composite declined by 0.52% though.

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