Bullish sentiment helps propel CME Copper to 2.33% gain

Today at a glance: Copper spiked to $3.67 per pound, gaining 8.35 cents.

On the flip side, highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%. United States Pending Home Sales improved upon its previous reading of -5.2% with a new data release of 0%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

A look at other Metals also shows upside as Silver went up by 2.34% today, and closed at $23.45.

The commodity has been trending lower for about a month. CME Copper is now trading 7.51% below its 3-month high of $4.57.