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(05 May 2025, 17:28)

Copper adds to recent gains amid positive equities

COMEX Copper futures stayed supported amid mostly positive cues from equities today. The red metal is trading at $4.72 per pound, up 1% on the day, building up the gains seen after testing three-week low in last week. European stocks edged up with German DAX scaling up around half a percent. The US stock markets rallied with the Nasdaq, S&P 500 and Dow jumping over 1.4%, fuelled by robust job growth and optimism around renewed US-China trade talks. Copper in April amid very high volatility as global trade worries weighed on the sentiments. The red metal shed around 8.50% in the month, marking its first monthly drop after December 2024.
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