Base Metals Preview: Copper slips more than 1% in early Asia

COMEX copper fell under $6 per pound mark on Friday morning in Asia as dollar raced ahead to a near one month high above 99 mark. Besides, a broad rally witnessed across commodities last week amid possible US import tariffs on key minerals is seen pulling back to some extent. The red metal is currently quoting at $5.91per pound, down 1.26% on the day. Meanwhile, the major averages on Wall Street all ended the day in positive territory, regaining some ground following the pullback seen over the two previous sessions. The Dow advanced 292.81 points or 0.6 percent to 49,442.44, the Nasdaq climbed 58.27 points or 0.3 percent to 23,530.02 and the S&P 500 rose 17.87 points or 0.3 percent to 6,944.47.

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