COMEX copper is staying upbeat around a one-month high on Thursday, tracking positive cues from equities. The major averages on Wall Street all finished the day in positive territory, adding to the gains posted in the previous session. The Nasdaq advanced 162.22 points or 0.6 percent to 26,269.23, the S&P 500 climbed 28.81 points or 0.4 percent to 7,527.40 and the Dow rose 150.37 points or 0.3 percent to 52,658.64. Meanwhile, dollar index staying largely steady around a one-month low is also seen supporting the red metal. Copper prices also benefited from softer-than-expected US inflation data that eased concerns for a imminent Federal Reserve rate hikes although escalating tensions in the Middle East will continue to be monitored. The counter is currently seen quoting at $6.40 per pound, up 0.88% on the day.

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