(24 Nov 2025, 17:30)

Copper moves back under $5 per pound

COMEX Copper futures drifted lower as prices yet again failed to sustain above $5 per pound. The counter currently trades at $4.99 per pound, down 0.50% on the day. European shares traded higher, while Asian markets ended mixed on Monday, supported by growing expectations of a US Fed rate cut in December despite ongoing divisions among policymakers over the timing of such a move. On Wall Street, major averages rebounded on Friday, with the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all closing higher. This rally in equities had pushed up COMEX Copper by nearly 1% in last session. MCX Copper is trading at Rs 1008.15 per kg, down 0.36% on the day.

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Copper moves back under $5 per pound