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Commodity News Details
Copper near one-week low
20-Apr-2026 18:05
COMEX Copper futures are witnessing a corrective action today, nearing $6 per pound. Soaring crude oil prices triggered risk off sentiment and the red metal currently trades down 1.25% at $6.04 per pound, testing one-week low. The US dollar index has edged up above 98 mark, pulling down metals. MCX Copper is down 0.21% at Rs 1270.60 per kg. Asian shares edged up today. China's Shanghai Composite index rose 0.76% while Hong Kong's Hang Seng added 0.77%. Japan's Nikkei average gained 0.60%. However, European stocks slipped as key indices shed around 1%. The US stocks moved further into record territory in last session, with the S&P 500 and Nasdaq locking in a third consecutive record close. This kept Copper well supported in last session.

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