Base Metals Preview: Copper edges lower by from a two-week high

COMEX copper edged lower by from a two-week high on Thursday morning in Asia as dollar stayed firm above 102 mark and US stocks turned in a relatively lackluster performance during trading on Wednesday. The major averages eventually closed modestly higher. The Dow edged up 97.53 points or 0.2 percent at 52,475.10, the S&P 500 rose 21.38 points or 0.3 percent to 7,743.98 and the Nasdaq climbed 72.04 points or 0.3 percent to 26,549.85. Currently, the red metal is quoting at $6.64 per pound, down half a percent on the day.

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