Copper prices stayed subdued on Wednesday tracking dollar strength ahead of the Fed monetary policy decision. Besides, US stocks showed a notable move back to the downside during trading overnight, weighing down the red metal. With the pullback on the day, the major averages fell to their lowest closing levels in two months. The Dow tumbled 313.45 points or 1.0 percent to 30,706.23, the Nasdaq slumped 109.97 points or 1.0 percent to 11,425.05 and the S&P 500 dove 43.96 points or 1.1 percent to 3,855.93. COMEX copper futures are attempting to hold on to $3.49 per pound with a downside bias. Powered by Commodity Insights
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