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Commodity News

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(02 Feb 2026, 09:06)

Base Metals Preview: COMEX copper down over 2.5% in early Asia


COMEX copper extends decline in early Asian trades on Monday tracking a firm dollar and broad weakness in equities. Dollar retaining firmness around 97 mark amid signs of political stability in the United States The tech-heavy Nasdaq led the way lower, slumping 223.30 points or 0.9 percent to 23,461.82, while the Dow slid 179.09 points or 0.4 percent to 48,892.47 and the S&P 500 fell 29.98 points or 0.4 percent to 6,939.03. Meanwhile, the major averages turned in a mixed performance for the week. While the S&P 500 rose by 0.3 percent, the Nasdaq dipped by 0.2 percent and the Dow decreased by 0.4 percent. Currently, the counter is down 2.5% at $5.7 per pound.

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