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Copper futures trade slightly higher on Monday

17 Jan 2022 Evaluate

Copper futures traded marginally higher on Monday as the US dollar was holding steady against its major peers. However, expectations of several interest rate hike this year by the US Federal Reserve capped further gains in copper prices.

Copper futures for March delivery gained $0.0040 or 0.09% at $4.4245 a pound on the Comex metals division of New York Mercantile Exchange.