Mumbai, Feb. 14 -- COMEX copper renews gains to an over eight month high on Friday morning in Asia tracking a significant recovery in overnight equities and extended pullback in dollar overseas. The Nasdaq surged 295.69 points or 1.5 percent to 19,945.64, the S&P 500 jumped 63.10 points or 1.0 percent to 6,115.07 and the Dow advanced 342.87 points or 0.8 percent at 44,711.43. Falling LME copper inventories also kept the red metal supported. Meanwhile, the dollar index held on to its recent decline around 107 and was set to fall about 1% for the week. Currently, the counter is quoting at $4.80 per pound, up half a percent on the day.
Published by HT Digital Content Services with permission from Capital Market....