COMEX Copper futures accelerated gains to hit fresh 10-month high above $5 per pound, its highest since May 2024 amid supportive cues on the demand front. Chinese policymakers have unveiled an action plan to boost consumption, supporting the red metal. The plan said the government will work to increase income for both urban and rural residents, while also taking measures to boost employment. It pledged to expand trade-in programs for home appliances and cars while vowing to stabilize the nation's stock and property market, which affect consumer confidence. However, pullback in overnight equities is limiting upside in the commodity that is currently quoting at $5.01 per pound, marginally down on the day. The major averages ended the day off their worst levels but still firmly negative. The Nasdaq tumbled 304.55 points or 1.7 percent to 17,504.12, the S&P 500 slumped 60.46 points or 1.1 percent to 5,614.66 and the Dow slid 260.32 points or 0.6 percent to 41,581.31.

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