Base Metals Preview: Copper maintains hold above $4.8 per pound mark

COMEX Copper futures continue to stay choppy although the counter continues to hold above $4.8 per pound mark despite worries over geopolitical front. Dollar maintaining strength on safe haven demand amid ongoing Middle East tensions are also weighing on the red metal that is quoting lower by 0.16% on the day at $4.84 per pound. Meanwhile, Wall Street closed lackluster after the Federal Reserve announced its widely expected decision to leave interest rates unchanged. While the Nasdaq inched up 25.18 points or 0.1 percent to 19,546.27, the S&P 500 edged down 1.85 points or less than a tenth of a percent to 5,980.87 and the Dow slipped 44.14 points or 0.1 percent to 42,171.66. MCX Copper futures eased below Rs 880 per kg.

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