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Commodity News Details
Base Metals Preview: COMEX copper comes off record highs
28-Mar-2025 08:44

COMEX Copper futures decline sharply in the early Asian trades on Friday after hitting record high earlier in the week tracking weakness in overnight equities. The lower close on Wall Street came amid ongoing concerns about President Donald Trump's trade policies after he announced plans to impose 25 percent tariffs on auto imports. The red metal currently trades at $5.09 per pound, down 0.43% on the day. Copper has rallied around 15% this month. On the MCX, benchmark Copper futures for April fell near Rs 900 per kg. The Nasdaq slid 94.98 points or 0.5 percent to 17,804.03, the Dow fell 155.09 points or 0.4 percent to 42,299.70 and the S&P 500 dipped 18.89 points or 0.3 percent to 5,693.31.

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