Copper futures slipped back in early Asia on Tuesday from a near two-week high above $6 per pound, amid possible profit taking at higher levels. Weakness in dollar is likely to keep the red metal supported alongside positive cues from equities. The major averages moved to the downside overnight but remained in positive territory. The Dow advanced 313.69 points or 0.6 percent to 49,412.40, the Nasdaq rose 100.11 points or 0.4 percent to 23,601.36 and the S&P 500 climbed 34.62 points or 0.5 percent to 6,950.23. COMEX copper is currently quoting at $5.90 per pond, down over 2% on the day. Powered by Commodity Insights |