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Base Metals Preview: COMEX copper extends downside in early Asia
05-Feb-2026 09:29

COMEX copper extend decline in early Asian trades on Thursday, tracking negative cues from equities and broad dollar strength overseas. The Nasdaq ended the day off its lows of the session but still tumbled 350.61 points or 1.5 percent to 22,904.58. The S&P 500 also slid 35.09 points or 0.5 percent to 6,882.72, while the narrower Dow climbed 260.31 points or 0.5 percent to 49,501.30. Currently, the red metal is quoting at $5.80 per pound, down almost 1% on the day.

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