Copper futures traded higher on Monday on account of investors enlarged positions, even as the US dollar was held near a year-and-a-half high against the euro ahead of upcoming Australian, UK and European central bank meetings. Meanwhile, trading volumes expected to be light as mainland Chinese markets are closed for a week-long Lunar New Year holiday beginning today till February 6.
Copper futures for March delivery gained $0.0055 or 0.13% at $4.3155 a pound on the Comex metals division of New York Mercantile Exchange.