(02 Jan 2026, 16:20)

Copper well supported after zooming around 8% last month

COMEX Copper futures consolidated around five-month high and generally remained steady on positive cues from Asian markets and tepid US dollar index. The red metal currently trades at $5.72 per pound, up 0.75% on the day. It ended on a firm note in last month, clocking a spurt of nearly 8%. Focus is likely to stay on equities in near term. Asian stocks surged in thin holiday trade on Friday. Regional trading volumes remained thin due to holidays in Japan, China and New Zealand. However, Hong Kong's Hang Seng index soared 2.76% while South Korea’s KOSPI index hit a record high and added 2.30%. European market also edged up cautiously. MCX Copper broke above Rs 1300 per kg and currently linger at Rs 1310 per kg, up 1.42% on the day.

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Commodity Mid Session News

Copper well supported after zooming around 8% last month