CME Copper gains 2.33% within $3.58 to $3.68 daily range

Published: May 26 2023, 23:11 GMT+0

CME Copper gains 2.33% within $3.58 to $3.68 daily range

A quick look at today: Copper spiked to $3.67 per pound, gaining 8.35 cents.

On the flip side, data from United States concerning Core Durable Goods Orders was released today at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month. 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 leaps up 2.34% today and closed at $22.91.

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