Mumbai, June 24 -- Copper futures advanced over 1% to around $4.91 per pound on Tuesday, extending Monday's gains as a ceasefire between Israel and Iran brightened market sentiment and reduced fears of wider geopolitical turmoil. President Trump's confirmation of the truce reassured investors after Iran's missile strike on a US base in Qatar caused no harm and left the vital Strait of Hormuz unaffected. A softer dollar, with the index dipping below 98, further bolstered the appeal of base metals globally. However, MCX copper July futures traded marginally lower at Rs.886 per kg, bucking the upbeat global tone as traders booked profits domestically.
Published by HT Digital Content Services with permission from Capital Market....