Copper Sees Modest Buying, Equities Under Stress

5 Sep 2022 , 05:13 PM

COMEX Copper saw modest bargain buying today but losses in equities capped upside. The red metal moved up from six week low and currently trades up 0.41% at $3.42 per pound. However, weak equities and firm US dollar capped advances. MCX Copper futures are up 0.64% at Rs 637.70 per kg. Asian markets saw mostly mixed activity on first session of the week. European shares slumped with German DAX melting 3% and French CAC giving up 2%. The Dow eased on Friday, adding to recent set of losses. Powered by Commodity Insights