Skip to main content

MoneyWorks4Me

Copper futures trade lower on firm dollar

14 Mar 2022 Evaluate

Copper futures traded lower on Monday amid firmer US dollar with expectations of aggressive interest rate hike by the US Federal Reserve. Further, concerns over subdued demand following resurgence of corona-virus cases in the world’s top metal consumer China also added pressure on red metal prices.

Copper futures for May delivery fell to $ 0.0390 or 0.84% at $ 4.6255 a pound on the Comex metals division of New York Mercantile Exchange.