Commodity Capsule: Brent crude oil range bound; gold prices fall | Watch video
Commodity Capsule:Earlier this week, LME copper hit two-year highs, after stricter western sanctions on Russian metal exports pointed to tighter markets.
Commodity Capsule: Copper prices cool off 2-year highs, hovering under $9,800 a ton.
Copper prices fell further from recent two-year highs as weak economic readings and fears of high-interest rates somewhat offset optimism over tighter markets.
Earlier this week, LME copper hit two-year highs, after stricter western sanctions on Russian metal exports pointed to tighter markets.
But this optimism was dulled by top copper producer Chile signaling that state-owned copper miner Coldeco will increase output in 2024.
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