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Copper futures trade lower on Tuesday

07 Sep 2021 Evaluate

Copper futures traded lower on Tuesday, despite hopes that the US Federal Reserve could continue its massive economic support for a longer period. Meanwhile, most US markets were closed on Monday for the Labor Day holiday. Although, weakness in the US dollar against its major peers capped further fall in copper prices.

Copper futures for December delivery fell $0.0190 or 0.44% to $4.3150 a pound on the Comex metals division of New York Mercantile Exchange.