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Commodity News Details
Base Metals Preview: COMEX copper takes a breather near record high levels
06-Aug-2026 09:09

COMEX copper futures took a breather on Thursday morning in Asia following a recent rally near record high levels. Pull back in overnight equities also added some pressure on the red metal that surged to new lifetime highs. The major averages on Wall Street pulled back well off their highs of the session, with the Nasdaq and S&P 500 sliding into negative territory. While the Dow remained positive, climbing 263.24 points or 0.5 percent to 54,349.12, the S&P 500 dipped 12.97 points or 0.2 percent at 7,723.55 and the Nasdaq slid 221.55 points or 0.8 percent to 26,363.44. Currently, the counter is holding at $6.72 per pound, marginally lower on the day.

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