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Commodity News Details
Base Metals Preview: COMEX copper jumps over 3%
08-Apr-2025 09:02

COMEX Copper futures witness a good rebound from a three-month low on Tuesday morning in Asia tracking optimistic Asian equities and retreat in dollar overseas. Stock markets are trading mostly higher on Tuesday following the mixed cues from Wall Street overnight, and amid hopes of a positive outcome from almost 50 countries that are reportedly in negotiations on tariffs after the U.S. slapped steeper-than-expected reciprocal tariffs on its trading partner countries. The red metal is currently quoting at $4.33 per pound, up 3.55% on the day following a near 5% drop in the previous session. On the MCX, copper futures are seen above Rs 800 per kg.

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