Sharp intraday upswing pushes MCX Copper above Rs 880 per kg mark

COMEX Copper cut losses today but remained in a watchful mode. The red metal currently trades at $4.83 per pound, down 0.40% on the day as gains in European markets pushed it higher. Asian stocks saw mixed moves after the White House said a final decision on whether to support Israeli military action against Tehran could come within two weeks. Copper saw good gains in last session amid a flat movement in the US stocks. The red metal is up around 3.30% so far this month but has mostly trended lower after hitting a two-month high of $5 per pound hit at the start of the month. On the MCX, Copper futures are trading at Rs 882.05 per kg, up 0.43% on the day after testing a low near Rs 872 per kg earlier.

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