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  • Copper turned lower today after recording good gains in the last week as weak undertone in risky assets. The red metal trades at $4.04 per pound, down 0.39% on the day. Asian stocks slipped on Monday. Hang Seng lost around 2%. European stocks fell sharply with the French CAC shedding around 1.20%. US stocks dropped on Friday after a strong US jobs report renewed concerns the Federal Reserve may remain aggressive in its path of interest rate hikes as it tries to tame inflation. The US dollar index is quoting above 103 mark.

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