Weekly Copper Review: COMEX futures hold well above $5 per pound

COMEX Copper futures hit around three-month high around $5.30 per pound this week. Steady demand undertone clubbed with mining worries has ensured to keep the metal positive. The counter has broken above $5 per pound month in a convincing manner. The metal added around 5% for October following a 6% gain in last month. Copper is now up for three months in row. Record highs in US and Japanese equities and Chinese stock indices hitting decade highs have largely underpinned Copper despite a bounce in the US dollar index in last few days.

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