(05 Jun 2025, 17:36)

Copper at two-month high, MCX futures hit above Rs 885 per kg

COMEX Copper futures hit $5 per pound today, recording its highest level in two-months as sustained fall in LME Copper inventories and weak US dollar pushed up the metal. Equities were mostly steady. In Asia, Chinese Shanghai Composite index rose 0.23%. Hong Kong's Hang Seng index jumped 1%. Japanese NIKEEI index eased half a percent. European indices stayed supported in thin trades ahead of European Central Bank's monetary policy announcement later in the day. The US stocks saw choppy moves yesterday. Dow eased 0.2% while the S&P 500 inched up marginally. The Nasdaq rose 0.3%. On the MCX, Copper futures edged up 0.87% to Rs 883.25 per kg after hitting a high of Rs 885.55 per kg.

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Copper at two-month high, MCX futures hit above Rs 885 per kg