COMEX copper is melting further under $6 mark at $5.72 per pound on Monday morning in Asia. The red metal is trading at a one-week low as global stock markets traded lower amid an escalating conflict in the Middle East fueled inflation worries. The major averages on Wall street added to the steep losses posted in the previous session, falling to new three-month closing lows. The Nasdaq slid 206.62 points or 0.9 percent to 22,105.36, the S&P 500 fell 10.43 points or 0.6 percent to 6,632.19 and the Dow dipped 119.38 points or 0.3 percent to 46,558.47. On MCX, Copper futures drifted lower after sliding under Rs 1200 per kg and currently trade at Rs 1191.65 per kg, down 0.89% on the day.