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Base Metals Preview: COMEX Copper Extending Gains Above $3.5 Mark

5 Aug 2022 , 09:10 AM

COMEX copper is extending previous day gains in early Asia on Friday supported by firm equities. The red metal is up more than 1% at $3.52 per pound. Overseas, Asian stocks are trading higher Friday as investors look ahead to the Reserve Bank of Indias interest rate decision and the U.S. jobs report. Wall Street stocks ended mixed, with gains for high-growth stocks offset by the drag from energy shares, as a key US jobs report loomed on Friday. Powered by Commodity Insights

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