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Commodity News Details
Base Metals Preview: COMEX copper pulls back under $6 per pound mark
08-Jan-2026 09:01

COMEX Copper futures are edging higher on Thursday morning following a sharp pull back in the previous session. Profit booking at higher levels possible weighed on the red metal that fell over 3% yesterday. However, positive cues from equities are keeping the counter supported. The Nasdaq rose 37.10 points or 0.2 percent to 23,584.27, but the S&P 500 fell 23.89 points or 0.3 percent to 6,920.93 and the Dow slid 466.00 points or 0.9 percent to 48,996.08. Currently, the counter is quoting at $5.87 per pound, up 0.27% on the day. Nevertheless, some caution is seen as investors look ahead to the release of some key US economic readings this week that could set the tone for the Federal Reserve's near-term interest rate outlook.

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