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Commodity News

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(09 May 2025, 08:54)

Base Metals Preview: COMEX copper near one-month low


COMEX copper slipped to a near one-month low on Friday morning in Asia tracking renewed gains in dollar index above 100 mark amid optimism regarding US trade deals. Positive US data and hawkish Fed stance also kept the greenback elevated. However, positive Asian equities tracking Wall Street could limit losses in the counter. Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, amid easing concerns about the ongoing trade war after US President Donald Trump unveiled the framework of a trade agreement with the UK. The red metal is currently quoting lower by over 1% at $4.55 per pound.

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