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Base Metals Preview: COMEX copper slides over one-week low
22-Jun-2026 08:49

COMEX copper fell over 1% in early Asia on Monday amid dollar strength overseas and driven by the Federal Reserve's hawkish rate-hike signals. The dollar index traded around 100.8 on Monday, remaining close to its strongest level since May 2025 as investors assessed evolving developments in US-Iran peace negotiations while awaiting a key US inflation reading. The red metal is trading at a more than one week low at $6.30 per pound, down 1.32% on the day. US stock futures moved lower on Monday as tensions flared during the first day of talks between the US and Iran, driving oil prices higher.

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