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Commodity News Details
Copper hits three-month high, equities surge around globe
06-May-2026 18:09
COMEX Copper futures soared today as US President Donald Trump noted great progress in talks with Iran. Equities spiked and Copper moved sharply higher after breaking above $6 per pound. The red metal currently trades up 3.46% at $6.20 per pound. It is currently at a three-month high. Asian shares were well supported today. China's Shanghai Composite index rose 1.17% while Hong Kong's Hang Seng index gained 1.22%. European stocks jumped with indices in Germany and UK soaring more than 2%. The US stocks edged up in last session as S&P 500 toward all-time high. All major indices added good gains. MCX Copper futures broke impressively above Rs 1300 per kg mark and currently trade at Rs 1308.35 per kg, up 1.62% on the day.

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