Copper futures traded marginally higher on Monday as the US dollar eased in morning trading despite expectations that the US would further tighten its monetary policy. However, investors are eyeing on China’s Covid-19 lockdowns and its impact on economic output and overall demand.
Copper futures for May delivery gained $0.0025 or 0.05% at $4.6910 a pound on the Comex metals division of New York Mercantile Exchange.