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Copper futures trade higher on Monday

13 Dec 2021 Evaluate

Copper futures traded higher on Monday as dollar held steady ahead of US Federal policy decision this week. But, the elevated rate of inflation in the United States fuelled fears that the Federal Reserve would accelerate the pace of tapering its asset purchases this week.

Copper futures for March delivery gained $0.0355 or 0.83% at $4.3220 a pound on the Comex metals division of New York Mercantile Exchange.