COMEX Copper gave up gains amid reduced strength on Wall Street following the release of a closely watched Labor Department report showing employment in the U.S. increased by much more than expected in the month of January. The Dow slipped 66.74 points or 0.1 percent to 50,1212.40, the Nasdaq dipped 36.01 points or 0.2 percent to 23,066.47 and the S&P 500 edged down 0.34 points or less than a tenth of a percent to 6,941.47. The red metal is currently quoting at $5.97 per pound, up 0.18% on the day following over 2% spike during intraday moves yesterday. The metal has zoomed near one-week high with this spike.

Powered by Commodity Insights