Mumbai, Feb. 12 -- COMEX Copper retreated sharply from around four month high on Wednesday morning in Asia tracking choppy overnight equities. Equities on Wall Street turned mixed after Federal Reserve Chair Jerome Powell, in remarks before Congress said that the central bank does "not need to be in a hurry" to adjust its policy stance. While the Nasdaq fell 70.41 points or 0.4 percent to 19,643.86, the S&P 500 crept up 2.06 points or less than a tenth of a percent to 6,068.50 and the Dow rose 123.24 points or 0.3 percent to 44,593.65. The red metal is currently down around half a percent at $4.58 per pound. It had spiked around 3% on Monday.
Published by HT Digital Content Services with permission from Capital Market....