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Copper Softens, Equities See Mild Risk Aversion
29-Mar-23   13:18 Hrs IST

MCX Copper futures stayed under pressure today, witnessing sustained selling after opening slightly lower on the day. COMEX Copper futures fell as a drop from three week highs extended amid mild risk aversion in world equities. The red metal has been hurt on worries over Chinese demand in near term and traders also took a cautious approach ahead of the flurry of purchasing managers indices next week. US stocks ended slightly lower on Tuesday as investors weighed comments from a top US regulator on struggling banks and sold shares of technology-related names after their recent strong run. COMEX Copper futures are currently trading at $4.07 per pound, down 0.67% on the day. MCX Copper trades at Rs 774.30 per kg, down 0.26% on the day.

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