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Commodity Analysis

Pre Session Commentary

 
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Base Metals Preview: Copper On Recovery Trail
(25-Apr-2024, 08:21 Hours IST)  
COMEX Copper futures are recovering following a pullback near $4.40 per pound as supportive equities are keeping sentiments positive. Chinese economic cues continued to drive the momentum for the metal after it hit 20month highs recently. Chinese economy is rebounding and the long-term trajectory of positive growth is unlikely to change, Foreign Ministry spokesperson Wang Wenbin stated on Wednesday, according to media reports. With the continuous high-quality development and high-level opening-up, China's economy will accelerate its transformation and upgrade, making greater contributions to the global economy

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