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Base Metals Preview: COMEX copper extends pull back in early Asia
29-Oct-2025 08:47

COMEX Copper futures extend pull back on Wednesday morning in Asia, giving up some of the recent gains as markets waited for the US Fed interest rate decision. The red metal is off around three-month highs and currently trades at $5.16 per pound, down marginally on the day. Stocks on the Wall Street fluctuated over the course of the trading session on Tuesday but largely maintained a positive bias and ended the day mostly higher. The Nasdaq advanced 190.04 points or 0.8 percent to 23,827.49, the Dow climbed 161.78 points or 0.3 percent to 47,706.37 and the S&P 500 rose 15.73 points or 0.2 percent to 6,890.89. On MCX, Copper is around Rs 1005.80 per kg after testing a low near Rs 998 per kg.

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