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Copper futures trade higher despite weak US employment data

11 Oct 2021 Evaluate

Copper futures traded higher on Monday even after weak US employment data, with the US economy created just 194,000 jobs last month against forecast of 500,000 jobs, marking the labor market’s worst performance since December 2020. While investors still expected the US Federal Reserve will start tapering its massive bond purchases from next month.

Copper futures for December delivery gained $0.0075 or 0.18% to $4.2830 a pound on the Comex metals division of New York Mercantile Exchange.