Base Metals Preview: Copper futures hold decline near a three-month low
Mumbai, Nov. 12 -- COMEX copper is seen holding decline near a three-month low on Thursday morning in Asia as dollar index holds firmly near 103 mark on growing rate hike optimism. The red metal is seen quoting at $6.25 per pound, down over half a percent on the day. Meanwhile, a significant rebound in US equities late yesterday could limit losses in the counter. The Nasdaq and S&P 500 moved sharply higher, while the narrower Dow posted a more moderate gain. The major averages gave back some ground in the latter part of the trading day but remained firmly positive. The Nasdaq surged 400.31 points or 1.6 percent to 25,466.19, the S&P 500 jumped 98.45 points or 1.3 percent to 7,619.38 and the Dow climbed 254.60 points or 0.5 percent to 52,486...
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