Mumbai, May 23 -- COMEX Copper futures rose near a two-week high as weak US dollar and falling LME Copper inventories boosted the red metal though mixed equities capped gains. The US dollar index tanked near 99.30 mark as rate cut expectations took a toll on the currency. Federal Reserve Governor Christopher Waller said the central bank could cut interest rates in the second half of 2025. COMEX Copper futures are up trading flat around $4.70 per pound right now. In Asia, China's Shanghai Composite index fell 0.94% while Hong Kong's Hang Seng index up 0.24%. Japanese NIKEEI index added 0.50% on the day. European stocks rose modestly after German DAX gaining around half a percent. The US markets closed mixed Thursday with focus on government ...
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.