Mumbai, Jan. 9 -- COMEX copper rebounds well in early Asia on Friday, recovering much of decline registered in the last two sessions. The red metal shed around 4 and half percent cumulatively during the last couple of days weighed by dollar strength and mild pull back on profit booking from record high levels. The counter is currently quoting at $5.82 per pound, up half a percent on the day and is set for a weekly gain of over 2%. The metal will continue to look forward to the release of the US Nonfarm Payrolls (NFP) report for more cues about the Federal Reserve's (Fed) future rate-cut path and dollar direction.
Published by HT Digital Content Services with permission from Capital Market....