LIVE FUTURES REPORT 24/01: Comex copper price suffers third straight daily decline

Comex copper prices sank once again on Thursday morning in the United States, with persistent bearish overtones and short-covering hampering the red metal.

The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.60 cents to $2.6485 per lb.  "Although we acknowledge that market participants prefer to adopt a cautious stance toward copper for now, we think that short-covering will emerge sooner rather than later because the current copper positioning has...

Published

Dalton Barker

January 24, 2019

16:20 GMT

Chicago