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Commodity News Details
Base Metals Preview: Copper edges higher amid supportive equities
01-Apr-2026 09:18

COMEX Copper futures edged up today as markets eyed equities. The Nasdaq soared 795.99 points or 3.8 percent to 21,590.62, the S&P 500 spiked 184.80 points or 2.9 percent to 6,528.52 and the Dow surged 1,125.37 points or 2.5 percent to 46,341.51. The major averages all showed strong upward moves after media reports emerged that the Trump administration is willing to end US military operations against Iran even if the Strait of Hormuz remains largely closed. This pushed up COMEX Copper as the metal lingered around $5.63 per pound mark. Copper is still down around 9% in March-26 and the recent surge in LME Copper inventory levels is likely to cap major gains for the counter. MCX Copper futures closed at Rs 1152.10 per kg, up marginally. Highs around Rs 1160 per kg capped the upside for metal.

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