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Base Metals Preview: COMEX copper falls over 1.5% in early Asia but stays afloat $6 per pound mark
23-Apr-2026 09:22

COMEX copper continues to stay pressured as dollar renews gains amid Middle East tensions but the red metal holds on to $6 per pound mark. Greenback receives support from heightened safe-haven demand amid ongoing Middle East uncertainty and the blockade of the Strait of Hormuz. However, decent gains in overnight equities are likely to limit downside in the counter which is currently seen trading at $6.04 per pound, down1.6% on the day. The Nasdaq and S&P 500 saw further upside going into the close, ending the day just off their highs of the session. The Nasdaq surged 397.60 points or 1.6 percent to 24,657.57 and the S&P 500 jumped 73.89 points or 1.1 percent to 7,137.90.

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