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Commodity News Details
Base Metals Preview: COMEX copper sustains rebound from 4-month low
24-Mar-2026 08:51

COMEX Copper slipped back in early Asia on Tuesday following a near 2% gain in the precious session tracking an early rebound on Wall Street. US President Donald Trump said he would order the military to postpone any strikes against Iranian power plants and energy infrastructure which pushed up the DOW futures and also assisted the European equities to trim their losses. COMEX Copper futures have however rebounded from four-month lows near $5.20 per pound and the counter is currently trading down around 1%% at $5.42 per pound. The major averages on Wall Street ended the day well off their highs of the session but still posted notable gains. The Dow surged 631.00 points or 1.4 percent to 46,208.47, the Nasdaq jumped 299.15 points or 1.4 percent to 21,946.76 and the S&P 500 shot up 74.52 points or 1.2 percent to 6,581.00. MCX Copper spiked sharply too at around Rs 1120 per kg.

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