Copper futures traded marginally higher on Monday with optimism over prospects for additional US fiscal and monetary stimulus. Further, news that US prepares to start its Covid-19 vaccination program from today too kept the sentiment positive. However, surging Covid-19 cases globally and the increasing possibility that Britain does not reach a trade deal with the European Union, capped some gains.
Copper futures for March delivery gained $0.0175 at $3.5455 a pound on the Comex metals division of New York Mercantile Exchange.