COMEX copper holds at multi-month highs above $5 per pound mark on Thursday morning in Asia tracking positive cues from equities and weakness in US dollar overseas. The counter is currently quoting at $5.11 per pound, up 0.31% on the day. The major averages on the Wall Street pulled back off their best levels going into the close but remained sharply higher. The Nasdaq surged 246.67 points or 1.4 percent to 17,750.79, the S&P 500 jumped 60.63 points or 1.1 percent to 5,675.29 and the Dow climbed 383.32 points or 0.9 percent to 41,964.63. Meanwhile, dollar continues to stay weak after Fed announced it’s widely expected decision to once again leave interest rates unchanged, but projections signaled the central bank is still likely to lower rates later this year. With regard to the outlook for rates, Fed officials still forecast rates in a range of 3.75 to 4.0 percent by the end of the year. On the MCX, copper is trading at Rs 910 per kg.