Base Metals Preview: COMEX copper rebounds sharply above $5 per pound mark

COMEX copper is trading sharply higher on Monday morning in Asia, rebounding above $5 per pound mark tracking pullback in dollar index and positive cues from equities. Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as traders cheer reports the U.S. Senate is nearing a potential deal to extend government funding after the record 40-day long US government shutdown. The red metal is currently seen trading at $5.02 per pound, up 1.5%.

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