COMEX Copper stayed somewhat supported on steady US economic cues. First-time claims for U.S. unemployment benefits saw a modest decrease in the week ended April 2nd, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims dipped to 166,000, a decrease of 5,000 from the previous weeks revised level of 171,000. The low reading was the result of a revision to seasonal adjustment factors, which produced a level shift down in claims in recent weeks averaging 30k. The red metal currently trades at $4.71 per pound, up marginally on the day as weak equities are capping upmove. MCX Copper ended around Rs 817 per kg mark and should see a positive opening.
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