Hamburger

Manumangalanubhai Manumangalangaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

MARKET

Commodity News Details
Base Metals Preview: COMEX copper lingers near $6 per pound mark
30-Jun-2026 09:19

COMEX copper futures are trading lower on Tuesday morning in Asia, slipping toward $6.10 per pound as tighter U.S. monetary policy expectations weigh on the industrial metals market. Central bank commentary reiterating its commitment to control inflation has prompted investors to scale back expectations for interest rate cuts, curbing demand outlooks. Market participants are closely watching for the upcoming monthly U.S. jobs report later this week for clearer hints on the Fed's next policy moves. Besides, broad gains in US markets overnight are likely to cap downside in the counter. The Nasdaq surged 522.53 points or 2.1 percent to 25,820.14, the S&P 500 jumped 86.41 points or 1.2 percent to 7,440.43 and the Dow climbed 306.63 points or 0.6 percent to 52,182.74.Currently, the red metal is quoting at $6.17 per pound, down 0.7% on the day.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué, kindly update your Email ID, Mobile Number and Income Range in your CDSL Demat Account on or before 31st May 2021. Non-compliant accounts will become inactive after 31st May 2021.  |  Prevent unauthorized transactions in your Demat account by updating your registered mobile number with your Depository Participant. Receive alerts for all debit and other important transactions directly from CDSL.  |  No need to issue cheques while subscribing to an IPO. Simply authorize your bank account in the application form.  |  KYC is a one-time process. Once completed through a SEBI-registered intermediary, you do not need to repeat it with another intermediary.  |  Update your mobile number and email ID with your stock broker to receive transaction alerts directly from the Exchange.