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Commodity News Details
Base Metals Preview: Copper attempts recovery from one-week low
08-May-2025 09:02

COMEX copper is attempting recovery from a near one week low tracking positive cues from overnight equities. The major averages on the Wall Street eventually ended the day in positive territory. The Dow advanced 284.97 points or 0.7 percent to 41,113.79, the S&P 500 climbed 24.37 points or 0.4 percent to 5,631.28 and the Nasdaq rose 48.50 points or 0.3 percent to 17,738.16. Besides, the Federal Reserve left interest rates unchanged citing uncertain times ahead but failed to prop up dollar which kept the red metal supported. The counter is seen quoting at $4.66 per pound, up 0.12% on the day.

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