Copper futures traded lower on Monday, as the US dollar held near a 16-month high against its major peers as traders awaited fresh clues on the Fed’s interest rate hike on the back of red-hot inflation, that’s making dollar-denominated metals more expensive for holders of other currencies.
Copper futures for December delivery fell $0.0280 or 0.63% to $4.4215 a pound on the Comex metals division of New York Mercantile Exchange.