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Commodity News Details
Base Metals Preview: COMEX copper attempts recovery from one-week low
19-Sep-2025 08:57

Copper is attempting recovery from a one week low tracking positive cues from overnight equities. The tech-heavy Nasdaq led the way higher, jumping 209.40 points or 0.9 percent to 22,470.73. The S&P 500 also climbed 31.61 points or 0.5 percent to 6,631.96, while the Dow rose 124.10 points or 0.3 percent to 46,142.42. Meanwhile, China's central bank left its key interest rate unaltered on Thursday following US Federal Reserve's decision to reduce rates. The People's Bank of China (PBOC) left the seven-day reverse repo rate unchanged at 1.40%. Copper is currently trading higher by 0.35% at $4.61 per pound. On the Multi Commodity Exchange, copper futures for the October contract eased slightly to quote just above Rs 900 per kilogram.

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