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Commodity News Details
Base Metals Preview: COMEX copper struggles near three-week low
09-Mar-2026 09:09

COMEX copper is seen pressure around a three-week low on Monday morning in Asia tracking firm dollar index and sharp sell off in equities. DXY strengthened well past 99 mark, an over three month high on Monday morning in Asia amid safe haven demand on escalating tensions in the Middle East. Meanwhile, the Nasdaq plunged 361.31 points or 1.6 percent to 22,387.68, the S&P 500 tumbled 90.69 points or 1.3 percent to 6,740.02 and the Dow slumped 453.19 points or 1.0 percent to 47,501.55 on Friday. The sell-off on Wall Street came amid an extended surge by the price of crude oil. Crude oil has skyrocketed over the past week as the U.S.-Iran conflict spreads across the Middle East, leading to concerns about a global energy crisis. Currently, the red metal is quoting lower by almost 1% at $5.75 per pound.

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