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Copper futures trade lower despite 6 trillion-dollar US budget proposal

31 May 2021 Evaluate

Copper futures traded lower on Monday even after White House released a 6 trillion-dollar budget proposal for infrastructure construction. Further, investors’ concerns regarding accelerating inflation put pressure on commodity prices.

Copper futures for July delivery fell $0.0010 at $4.6765 a pound on the Comex metals division of New York Mercantile Exchange.