LIVE FUTURES REPORT 17/04: Comex copper price surges in midweek session

The Comex copper market jumped up in US morning trading on Wednesday April 17 amid positive reaction to a combination of better-than-expected Chinese economic news and a softer dollar.

The copper price for May settlement on the Comex division of the New York Mercantile Exchange surged 5.95 cents to $2.99 per lb. At last glance, the dollar index was at 96.95, down 0.16% and just below the psychological level of 97. “We have had a number of major economic news out today, overall showing weak inflationary pressures but there was good news from China,”...

Published

Dalton Barker

April 17, 2019

15:18 GMT

Chicago