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Commodity Pre Session News

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(12 Mar 2026, 08:57)

Base Metals Preview: COMEX copper seen pressured as dollar firms above 99 mark


COMEX Copper futures retreated further in early Asia on Thursday tracking strength in dollar above 99 mark overseas. Worries of war escalating led investors flock to dollar and weighed on the red metal. Iran early Wednesday claimed it launched its most intense and heaviest operation since the start of the war across Gulf states and Israel, according to media reports. Also, sharp downside in equities also added pressure on the counter that is currently quoting at $5.83 per pound, down 0.76% on the day. The major averages on Wall Street closed mixed for the second straight day. While the Nasdaq inched up 19.03 points or 0.1 percent to 22,716.13, the S&P 500 edged down 5.68 points or 0.1 percent to 6,775.80 and the Dow slid 289.24 points or 0.6 percent to 47,417.27.

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