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Copper futures trade tad higher as US dollar eases from peaks

04 Oct 2021 Evaluate

Copper futures was trading marginally higher on Monday as the US dollar eased from last week’s peaks against its major rivals ahead of US labour data this week. Though some gains were capped on renewed concerns about China's property sector as trading in shares of heavily indebted China Evergrande was suspended after it missed a second key bond interest payment.

Copper futures for December delivery gained to $0.0020 or 0.05% to $4.1905 a pound on the Comex metals division of New York Mercantile Exchange.