Copper spikes sharply as equities offer good support

Copper futures surged today after losses in last week. Firm equities boosted the red metal and COMEX Copper futures currently trade at $6.33 per pound, up 1.50% on the day. MCX Copper futures are up 0.80% at Rs 1350 per kg as lows around Rs 1345 per kg offered good support. US markets are in green and European stocks also edged up impressively today, pushing Copper higher.

Powered by Commodity Insights