Copper extends winning spree, MCX futures up around 1%

COMEX Copper extended its winning spree on Monday, edging higher despite firm US dollar index as tight inventories and new age demand drivers boosted the metal. The counter has zoomed near record highs and currently trades up 3% at $5.86 per pound. On MCX, Copper futures are trading at Rs 1299 per kg, up 0.92% on the day, coming off highs of Rs 1320 per kg. Asian stocks rose on Monday as markets shrugged off US-Venezuela tension and China's Shanghai Composite index surged 1.38%. European markets are off to good start too. On Friday, the US stocks fluctuated over the course of the first trading day of 2026 on Friday before eventually ending the day little changed. However, US equities recorded smashing gains in last year. DOW rose 13% and S&P 500 added 16%. NASDAQ led the up move with a 20% spike in 2025.

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