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Copper futures trade marginally higher on Monday

14 Dec 2020 Evaluate

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.