December, 15 2025 Monday 01:21 Hrs
Last update 11-9-2025
  • SENSEX :   85,267.66

  • Commodity broking firm in India449.53( 0.53%) 12-Dec-2025

Pre Session Commentary - Detailed News

Base Metals Preview: COMEX copper holds around 4-month high
12-Dec-25   08:51 Hrs IST

COMEX Copper futures edged lower in early Asia on Friday but are holding around a four month high amid dollar weakness after Fed's widely anticipated interest rate cut. US Fed cut funds rate by another quarter point, following the rate cuts seen in September and October. Meanwhile, positive cues from overnight equities also kept momentum supported for the red metal. While the Nasdaq climbed well off its worst levels of the day, the tech-heavy index still closed down 60 points or 0.3 percent at 23,594. Meanwhile, the S&P 500 rose 14 points or 0.2 percent to 6,901 and the Dow jumped 646 points or 1.3 percent to a new record closing high of 48,704.01. Currently, the counter is quoting at $5.47 per pound, down 0.45% on the day. MCX Copper is nearing Rs 1100 per kg mark.

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