Base Metals Preview: COMEX copper holds under $4.45 mark

COMEX Copper continues to consolidate around a one and half week low and in a tight band under $4.50 per pound. Uptick in dollar is seen weighing on the red metal that has lost around 20% so far this month. COMEX Copper futures are currently trading at $4.43 per pound, down 0.17 on the day. Meanwhile, equities are showing mixed trends today. The tech-heavy Nasdaq ended the day down 142.10 points or 0.7 percent at 21,172.86 after plunging by as much as 1.9 percent in early trading. The S&P 500 also dipped 15.59 points or 0.2 percent to 6,395.78, while the Dow inched up 16.04 points or less than a tenth of a percent to 44,938.31.

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