Base Metals Preview: COMEX copper takes a breather near two-week high

COMEX copper futures pause a bit after hitting a two-week high in early Asian trades on Thursday as a surge above $6 mark led to some profit booking. The red metal is currently quoting at $6.02 per pound, down half a percent on the day. Dollar weakness and positive cues from equities are supporting the commodity. The Nasdaq jumped 288.40 points or 1.3 percent to 23,152.08, the S&P 500 climbed 56.06 points or 0.8 percent to 6,946.13 and the Dow rose 307.65 points or 0.6 percent to 49,482.15.

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