Copper gains around 5% in Oct-25

COMEX Copper futures saw stable moves on the last session of what has been a supportive month for the commodity. Steady demand undertone clubbed with mining worries has ensured to keep the metal positive. The counter has broken above $5 per ounce this month and is holding below three-month high at $5.10 per pound, almost unchanged on the day. The metal is up around 5% for the month following a 6% gain in last month. Copper is now up for three months in row. Meanwhile, in Asia today, China's Shanghai Composite index fell 0.81% while Hong Kong's Hang Seng index dipped 1.40%. Japan?s Nikkei 225 index soared 2% to hit fresh record high though. European stocks are lax ahead of key Eurozone inflation data. The US stocks came off a record high yesterday. The tech-heavy Nasdaq showed a particularly steep drop, plunging 1.6%. The S&P 500 lost 1% while the Dow eased 0.2%.

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