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Copper futures trade higher on Monday

07 Mar 2022 Evaluate

Copper futures traded higher on Monday amid Russia invaded Ukraine and rising fears of potential supply disruptions. However, stronger US dollar and expectations of several interest rate hike by the US Federal Reserve capped further gains in copper prices.

Copper futures for May delivery gained $0.0530 or 1.07% at $ 4.9375 a pound on the Comex metals division of New York Mercantile Exchange.