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Copper futures slip as dollar index hits 99 on US-Iran conflict

23-Jun-2025 | 17:30
Comex copper futures slipped near $4.80 per pound today, down 0.65%, as fresh US airstrikes on Iranian nuclear sites spooked global markets. The safe-haven push lifted the dollar index to around 99, adding pressure on the broader commodities basket. MCX copper June futures also edged lower to ₹879.95 per kg, losing 0.05% intraday. Traders remain cautious amid escalating Middle East tensions and a stronger greenback, which could limit demand for industrial metals in the near term.

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