Base Metals Preview: COMEX copper near one-month high

COMEX Copper futures are gaining momentum near a one-month high on Friday morning in Asia tracking dollar index under 98 mark and mostly high equities. The major averages added to the gains posted in the two previous sessions, with the S&P 500 reaching another new record closing high. The Nasdaq climbed 115.02 points or 0.5 percent to 21,705.16, the S&P 500 rose 20.46 points or 0.3 percent to 6,501.86 and the Dow edged up 71.67 points or 0.2 percent to 45,636.90. The red metal is currently quoting at $4.54 per pound, up 0.18% on the day. On the MCX, Copper futures are trading around Rs 886.30 per kg.

Powered by Commodity Insights