Base Metals Preview: COMEX copper rebounds over 1% in early Asia

COMEX copper rebounded well in Asian trades on Friday following a sharp pull back in the previous session. Sustained weakness in greenback contributed much of optimism for the red metal amid lack of cues from equities. The counter is currently quoting at $5.74 per pound, up more than 1% on the day after a 1.72% slide yesterday. Copper rose around 40% last year and marked the best annual performance in one and half decades. On the MCX, copper futures slipped marginally to around Rs 1290 per kg.

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