Bullish sentiment helps propel 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%. Highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading of 0%.

At the same time, 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 added 2.34% and closed around $22.91 today.

The commodity has been trending lower for about a month. The Copper future has shed 9.38% over the past three months.