Copper under pressure but holds just under $5 per pound

COMEX Copper futures eased but largely supported under $5 per pound as equities edged up on hopes of easing US-China trade friction. China's Shanghai Composite index rallied 1.36% and sentiment across Asian equities was largely positive. However, Cooper dipped amid a firm undertone in the US dollar index which broke well above 98 mark as market waited for the US inflation data. COMEX Copper futures are down 1% at $4.98 per pound right now. On MCX, the benchmark Copper futures closed flat around Rs 983 per kg.

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