Skip to main content

MoneyWorks4Me

Copper futures trade lower as dollar strengthens

11 Apr 2022 Evaluate

Copper futures traded lower on Monday as the US dollar strengthened with expectations that the US Federal Reserve might further tighten monetary policy to cool off inflation. Further, lingering concerns over Covid-19 pandemic in China also adding pressure on red metal prices.

Copper futures for May delivery fell $0.04 or 0.85% at $4.6850 a pound on the Comex metals division of New York Mercantile Exchange.