Weekly Copper Review: COMEX futures supported after testing near $6 per pound

COMEX Copper edged up from around one and half week lows around $6 per pound amid broadly positive cues from Wall Street. Macros were also in focus as the International Monetary Fund noted that the global economy navigated the Iran war better than anticipated. COMEX Copper futures added more than 2% in the week gone by. The Dow hit fresh record highs as softer-than-expected June employment data fuelled expectations that the Fed will be less inclined to tighten policy in the near term. Copper also benefited from sustained drop in LME inventories.

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