Base Metals Preview: Copper corrects as US equities come off record high

COMEX Copper futures corrected today as worries over US-Iran war stayed in place. The red metal is currently trading at $6 per pound, down 1% on the day. Asian equities are easing on tepid overnight cues. US stock markets fell from record high as tensions from US-Iran negotiations loomed. The Dow Jones Industrial Average dropped 179 points, or 0.4%, closing at 49,310 points. The Nasdaq Composite closed down 219 points, or 0.9%, at 24,438 points, while the S&P 500 index also declined by 29 points, or 0.4%, ending at 7,108 points.

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