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Commodity News Details
MCX Copper sees tight movement
12-Jun-2025 17:47
COMEX Copper futures pulled back near one and half week low as sentiments were cautious as markets eyed clarity about global trade talks. The metal has been falling recently after a rally to $5 per pound and currently quotes at $4.80 per pound, down 0.19% on the day. Weakness in the US dollar capped the losses as the US dollar index sank to near three-year low under 98. Meanwhile, in Asia, Chinese Shanghai Composite index edged up marginally. Hong Kong's Hang Seng index tanked 1.36% after hefty gains in last few sessions. Japanese NIKEEI index fell 0.65%. European indices eased with German DAX losing around 1%. The US stocks eased modestly. The tech-heavy Nasdaq dipped 0.5 percent, the S&P 500 eased 0.3 percent and the Dow edged down very marginally on the day. MCX Copper futures are currently quoting at Rs 874 per kg, up 0.30% on the day in a tight session.

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