Copper holds above $5 despite mild dip

Copper futures held firm above the $5 per pound mark on Friday, despite a mild pullback, with prices still up nearly 6% for the week?marking their strongest weekly gain since April. The rally was driven by easing geopolitical tensions in the Middle East, reduced trade war fears, and growing expectations of fresh stimulus from China. A dovish tilt from the US Federal Reserve has also boosted the global demand outlook for industrial metals. While international copper saw slight intraday weakness, sentiment remained bullish ahead of key PCE inflation data and growing speculation that President Trump could nominate a Fed Chair favouring looser monetary policy. On MCX, copper futures were last seen trading at ₹891.80 per kg, down 0.47%.

Powered by Commodity Insights