Weekly Copper Review: COMEX futures edge higher from two-week low
Mumbai, Oct. 3 -- COMEX copper stayed weak near a two-week low of $6.51 per pound as the US dollar index was firm above 101 mark. COMEX Copper turned flat in September, coming off a record high and about to end Sep-26 on a flat note. It had gained around 3.40% in previous month. Meanwhile, the Global Manufacturing Purchasing Managers' Index (PMI) survey, sponsored by J.P. Morgan and compiled by S&P Global Market Intelligence, indicated a further improvement in the health of the factory sector in September. At 53.0, the headline PMI was the highest since February 2022. If the post-pandemic growth spurt is excluded, September's reading was the best since May 2018 and indicates that factories are enjoying a much greater business environment in...
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