Comex Copper Ends the Week 7.74% Higher at $5.0570 — Data Talk

Front Month Comex Copper for May delivery gained 36.35 cents per pound, or 7.74% to $5.0570 this week

--Largest one week net and percentage gain since the week ending March 4, 2022

--Up for eight consecutive weeks

--Up $1.061 or 26.55% over the last eight weeks

--Longest winning streak since the week ending July 17, 2020 when the market rose for nine straight weeks

--Up 12 of the past 14 weeks

--Today it is up 16.50 cents or 3.37%

--Largest one day dollar gain since Friday, Nov. 4, 2022

--Largest one day percentage gain since Friday, Nov. 11, 2022

--A new record high

--Up six of the past seven sessions

--Up 42.77% from its 52-week low of $3.542 hit Friday, Oct. 20, 2023

--Rose 35.85% from 52 weeks ago

--Up 37.19% from its 2024 settlement low of $3.686 hit Friday, Feb. 9, 2024

--Month-to-date it is up 10.79%

--Year-to-date it is up $1.1765 or 30.32%

All prices are calculated based on the settlement price of the current front month contract.

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 17, 2024 13:54 ET (17:54 GMT)

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