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Commodity News Details
COMEX copper pulls back from over one-week high
26-May-2026 17:17

COMEX copper is giving up early gains from a one and half week high on Tuesday amid renewed concerns after the U.S. conducted 'self-defense strikes' on Iranian missile launch sites and boats near the Strait of Hormuz, clouding the outlook for an interim deal between Washinton and Tehran. However, dollar index under under 99 mark is keeping the red metal supported. Currently, the counter is quoting at $6.39 per pound, up marginally on the day after hitting a high of $6.49 earlier in the day. On the MCX, copper futures are down half a percent at Rs 1360 per kg.

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