(13 May 2025, 17:03)

COMEX Copper rallies 1% amid supportive equities

COMEX Copper futures saw a good upmove today, holding onto gains after recently testing one-month low. The metal currently trades at $4.67 per pound, up 1% on the day as sentiments were supported on global trade hopes. Following closely watched meetings over the weekend in Geneva, Switzerland, the US and China have announced an agreement to drastically reduce tariffs on each other's goods. This kept risk appetite positive. In Asia, China's Shanghai Composite index added 0.17% on the day. Hong Kong's Hang Seng index fell 1.90% after a sharp jump in last session. Japan’s Nikkei index soared 1.40% to hit three-month high. European stocks stayed modestly supported. A sharp surge was seen in US equity indices with the Nasdaq and the S&P 500 hitting their best closing levels in over two months. On MCX, Copper futures are trading at Rs 857 per kg, up 0.67% on the day.

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COMEX Copper rallies 1% amid supportive equities