COMEX Copper at three-month high, up 5% this week

COMEX Copper futures stayed well supported as the break above $6 per pound stayed in place. The metal currently trades up 1.72% at $6.28 per pound, hitting fresh three-month highs. The counter has rallied around 5% this week. On MCX, Copper futures are up 1.51% at Rs 1324 per kg. The counter gained throughout the session. Meanwhile, equities are mixed today. China's Shanghai Composite index ended flat while Hong Kong?s Hang Seng index slipped 0.87%. Japan?s Nikkei average eased 0.19%. European stocks stayed under pressure ahead of weekend with German DAX sliding 0.90%. The US stocks fell from their records Thursday. The Dow led losses with a drop of 0.6% on the day. COMEX Copper ended marginally in red in last session.

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