Base Metals Preview: COMEX copper lingers around 4-month low

COMEX copper lingers around a 4-month low on Friday morning in Asia as dollar stands tall on Fed rate hike bets. Moreover, the major averages on Wall Street finished the day in negative territory, with the Nasdaq and S&P 500 partly offsetting Wednesday's strong gains. After plunging by as much as 1.6 percent in early trading, the tech-heavy Nasdaq ended the day down 100.09 points or 0.4 percent to 25,366.09. The S&P 500 also fell 26.98 points or 0.4 percent to 7,592.40, while the Dow declined 189.40 points or 0.4 percent to 52,297.09. Currently, the red metal is holding at $6.21 per pound, up 0.17% on the day.

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