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Copper futures trade higher on Monday

23 Aug 2021 Evaluate

Copper futures traded higher on Monday, driven as the US dollar weakened against a basket of other major currencies overseas. Although, some gains were capped by persistent concerns over continuing spread of Covid-19, which could impact global economic recovery.

Copper futures for September delivery gained $0.0540 or 1.31% to $4.1910 a pound on the Comex metals division of New York Mercantile Exchange.