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Base Metals Preview: Copper pulls back on choppy overnight equities
16-Apr-2025 08:59

COMEX Copper futures pulled back in early Asia on Wednesday tracking choppy trading on Wall Street overnight. The Dow fell 155.83 points or 0.4 percent to 40,368,96, the S&P 500 dipped 9.34 points or 0.2 percent to 5,396.63 and the Nasdaq edged down 8.32 points or 0.1 percent to 16,823.17. The red metal is currently quoting lower at $4.58 per pound, down 0.84% on the day after hitting highest mark in one and half week earlier in the week as the US has offered a temporary kind of that reprieve on key products like smartphones, computers, electronic devices and components including semiconductors from reciprocal tariffs.

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