Today's upbeat market sentiment sees Copper gain 2.33%

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

Nevertheless, United States Core Durable Goods Orders published today at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure. Highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading 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.

This rally in Copper's price coincides with other Metals as Silver surges 2.34% today and closed at $22.91.

The commodity has been trending lower for about a month. The Copper future has shed 7.51% over the past three months.