Copper prices pauses upside and continues to linger around a steady range after recently testing one-month low despite positive cues from equities and slight retreat in dollar index. Greenback weakened following softer-than-expected US inflation data that rose 2.3% on year in April, slightly below March’s 2.4% reading and market expectations. The Nasdaq and the S&P 500 reached their best closing levels in well over two months, with the S&P 500 turning positive for 2025. The Nasdaq and the S&P 500 pulled back off their best levels going into the end of the day but remained firmly positive. The Nasdaq jumped 301.74 points or 1.6 percent to 19,010.08 and the S&P 500 climbed 42.36 points or 0.7 percent to 5,886.55. The counter is currently quoting at $4.68 per pound, down 0.77% on the day.