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Copper futures trade lower ahead of Fed’s meeting

24 Jan 2022 Evaluate

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.