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Base Metals Preview: COMEX copper under pressure as dollar stays strong
11-Jun-2026 09:06

COMEX copper is down more than 1% in early Asia on Thursday tracking a late night surge in US dollar and as US equities came under renewed pressure in overseas market. The dollar index traded around 100 on Thursday, lingering near its highest levels in two months amid fresh US attacks over Iran and as US consumer inflation accelerated in May to its fastest pace in more than three years due to soaring energy costs. The major averages on Wall Street showed significant moves to the downside. The major averages ended the day just off their lows of the session. The Dow tumbled 953.33 points or 1.9 percent to 49,918.78, the Nasdaq plunged 509.32 points or 2 percent to 25,169.50 and the S&P 500 slumped 119.66 points or 1.6 percent to 7,266.99. Currently, the red metal is seen trading at $6.21 per pound.

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