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Commodity News Details
Hot Commodities: COMEX Copper tumbles around 1%, slides from three-week top
09-Apr-2026 12:28
COMEX copper futures slipped after hitting around three-week high as Asian equities fell. The US dollar is regaining ground on safe haven demand amid uncertainty over US-Iran ceasefire. Asian markets are trading mostly lower on Thursday as traders remained cautious after renewed Israeli strikes on Lebanon raised doubts about the durability of a fragile two-week Middle East ceasefire agreed upon by the US and Iran. Meanwhile, the World Bank projects China's economic growth will slow to 4.2% in 2026 and 4.3% in 2027. Rising LME and Shanghai Copper inventories also weighed and the red metal is trading at $5.72 per pound, down around 1% on the day. MCX Copper also tanked following this and currently trades at Rs 1183.70 per kg, down 0.34% on the day.

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