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Commodity News Details
Base Metals Preview: COMEX copper recovers after a deep correction
10-Dec-2025 09:05

COMEX Copper is seen recovering some lost momentum in early Asia in Wednesday, following a deep correction of over 2% in the previous session. The red metal fell from four-month highs amid weak equities and mild rebound in dollar overseas. The choppy trading on Wall Street came as traders seemed reluctant to make significant moves ahead of the Federal Reserve's monetary policy announcement on Wednesday. While the tech-heavy Nasdaq inched up 30.58 points or 0.1 percent to 23,576,49, the S&P 500 edged down 6.00 points or 0.1 percent to 6,840.51 and the Dow fell 179.03 points or 0.4 percent to 47,560.29. COMEX Copper is currently up 0.85% at $5.36 per pound. The counter is still up 1.80% for December and is broadly supported after the break above $5 per pound mark last month. MCX Copper is trading around Rs 1085.70 per kg.

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