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Base Metals Preview: COMEX copper hovers above $5.4 per pound mark
05-Dec-2025 08:52

COMEX copper continues to hover above a four month high on Friday with the counter set for a weekly gain of around 2.5%. The red metal is trading at $5.40 per pound in early Asian trades, up 0.63% on the day. Weakness in dollar overseas and small gains in overnight equities aided the commodity. Stocks on Wall Street showed a lack of direction over the course of the trading day on Thursday. While the Nasdaq rose 51.04 points or 0.2 percent to 23,505.14 and the S&P 500 inched up 7.40 points or 0.1 percent to 6,857.12, the narrower Dow edged down 31.96 points or 0.1 percent to 47,850.94. Optimism about another interest rate cut by the Federal Reserve next week helped the major averages more than offset Monday's decline.

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