MCX Copper struggles to hold above Rs 900 per kg

COMEX Copper futures edged up from a one week low and consolidated just above $5 per pound today. Equities were largely mixed. China's Shanghai Composite index added 0.38% as some gains emerged after recent selling. Japanese markets ended marginally higher. European stocks saw strong gains after yesterday?s deep slide. German DAX and French CAC gained more than 1% each. Dow soared past 42,000 mark as Biotech stocks bounced and ended with a gain of 1% on the day. A stressed global trade scenario owing to sustained tariff threats from the US President Donald Trump is likely to cap the advances in the red metal. COMEX Copper futures are currently up 0.09% at $5.03 per pound. The metal rose around 11% in March 2025. On the MCX, Copper futures are trading at Rs 895.80 per kg, up 0.50% on the day. The metal tested highs above Rs 900 per kg but failed to sustain above the level.

Powered by Commodity Insights