Mumbai, Sept. 17 -- COMEX Copper futures fell sharply today, sliding near one-week low as caution prevailed ahead of the US Federal Reserve meeting outcome. Markets also eyed rising global Copper supplies as Anglo American and Chile's state-owned copper company Codelco announced that they have finalized an agreement to jointly operate copper mines in Chile, which have at least US$5 billion in value. Geopolitical worries also escalated as Israel launched a sweeping ground offensive in Gaza City. COMEX Copper is currently down 1.70% at $4.61 per pound, easing from a six-week high. Meanwhile, in Asia, China's Shanghai Composite index added 0.37%. Hong Kong's Hang Seng index soared 1.80% amid solid gains in tech counters. Japan's Nikkei index e...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.