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Commodity News

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(27 Mar 2026, 09:24)

Base Metals Preview: COMEX copper up 1% in early Asia


COMEX copper is up 1% on Friday morning in Asia following a pull back in previous session as dollar gained momentum on Middle East concerns. Meanwhile, stocks on Wall Street saw even further downside over the course of the trading day on Thursday, ending the day sharply lower. With the steep losses, the Nasdaq and the S&P 500 dropped to their lowest closing levels since early last September. The Nasdaq plunged 521.74 points or 2.4 percent to 21,408.08, the S&P 500 tumbled 114.74 points or 1.7 percent to 6,477.16 and the Dow slumped 469.38 points or 1 percent to 45,960.11. The red metal is currently quoting at $5.53 per pound, up1% on the day and is set for a weekly gain of almost 3%.

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