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Copper futures trade lower as dollar strengthens

03 May 2021 Evaluate

Copper futures was trading lower on Monday as dollar gained against its major peers, which makes dollar-denominated commodities more expensive for other currency holders. Copper eased further due to three days of holidays in major consumers China and Japan, while London Metal Exchange was closed for a bank holiday.

Copper futures for July delivery lost $0.0025 at $4.4655 a pound on the Comex metals division of New York Mercantile Exchange.