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Copper futures trade lower as dollar strengthens

21 Mar 2022 Evaluate

Copper futures traded lower on Monday on concerns over rising inflation and US Federal Reserve interest rate hikes for the first time since 2018. Further, stronger US dollar makes dollar-denominated metals more expensive for holders of other currencies, which can subdue demand.

Copper futures for May delivery lost $ 0.0700 or 1.48% at $ 4.7395 a pound on the Comex metals division of New York Mercantile Exchange.