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Commodity News Details
Base Metals Preview: COMEX copper jumps above $6 per pound in early Asia
29-Jan-2026 08:45

COMEX Copper futures jumped above $6 per pound mark on Thursday morning in Asia amid supportive equities and a very weak undertone in the US dollar index. DXY trades under 96 mark, around a four-year low. While the S&P 500 edged down 0.57 points or less than a tenth of a percent to 6,978.03, the Dow crept up 12.19 points or less than a tenth of a percent to 49,015.60 and the Nasdaq rose 40.35 points or 0.2 percent to 23,857.45. Copper currently quotes up around 3.76% at $6.18 per pound. Broad undertone stays positive for the metal as China's industrial profits rose 0.6% in 2025 from a year earlier, snapping three consecutive years of declines.

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