29-Apr-2024

Base Metals Preview: COMEX Copper At 24-Month High

Copper futures charged to a two year high on Monday morning in Asia above $4.6 mark tracking positive cues from global equities. The Nasdaq surged 316.14 points or 2.0 percent to 15,927.90, the S&P 500 jumped 51.54 points or 1.0 percent to 5,099.96 and the Dow climbed 153.86 points or 0.4 percent to 38,239.66. The rally on Wall Street came amid a positive reaction to some of the latest earnings news from big-name tech companies. Currently, the red metal is quoting at $4.60 per pound, up 0.66% on the day.

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