Copper futures traded lower on Monday ahead of the US Fed’s meeting this week, which may provide clearer guidance on interest hikes. Further, firm US dollar makes dollar-denominated metals more expensive for holders of other currencies, which can subdue demand.
Copper futures for March delivery fell $0.0355 or 0.78% at $4.4885 a pound on the Comex metals division of New York Mercantile Exchange.
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