Base Metals Preview: COMEX copper stays just under $6 per pound mark

COMEX copper is staying just under $6 per pound mark on Thursday morning in Asia. Dollar pull back and equities higher overnight supported the commodity. The Nasdaq jumped 290.79 points or 1.3 percent to 22,807.48, the S&P 500 advanced 52.87 points or 0.8 percent to 6,869.50 and the Dow climbed 238.14 points or 0.5 percent to 48,739.41. The dollar index held around 98.8 on Thursday, stabilizing after coming under pressure in the previous session as investors continued to track developments in the US-Iran conflict. Meanwhile, Treasury Secretary Scott Bessent said President Donald Trump?s recently announced 15% global tariff is likely to take effect later this week. The red metal is currently quoting at $5.90 per pound, up marginally on the day.

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