Copper holds around three week top

COMEX Copper futures are holding around a three week high amid largely supportive cues from the equities. The metal currently trades at $4.18 per pound, up 0.49% on the day as weakness in the US dollar is pushing up the metal after it fell near $4 per pound around fag end of last year. In Asian stock markets today, China?s Shanghai Composite index gained 0.71% amid bargain buying after recent losses. Hong Kong?s Hang Seng index lost 1.22%. Japanese Nikkei index jumped around 2% as a weaker yen boosted tech stocks. European stocks continued to see modest gains. The US stocks stayed largely supported on Monday with the Nasdaq jumping around 1.2% and keeping overall sentiments optimistic.

Powered by Commodity Insights