Mumbai, Nov. 28 -- COMEX copper pared some gains following a sharp surge in during the week that took the red metal near a one-month high. The counter spiked by 3.82% on Wednesday amid reports that Chilean producer Codelco offered record-high prices to Chinese buyers, signaling a potential shift to prioritize US consumers. Besides, weakness in dollar amid rising expectations of a December Federal rate cut is also supporting the commodity. Meanwhile, positive cues from equities capped downside for the red metal. Sentiment in Asian markets improved and benchmarks closed higher on Thursday tracking the tech rally in Wall Street the day before. Renewed optimism about a Federal Reserve rate cut in December catalyzed the market moves. The STOXX 5...
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