Copper tanks around 3% amid weak equities

COMEX Copper futures tanked today as risk appetite was hurt amid soaring US dollar. Asian markets melted and the Kospi witnessed a steep fall of around 10%. The US dollar index zoomed above 101 mark to test highest in more than one year. COMEX Copper futures are down 3.20% at $6.16 per pound, testing five week low.

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