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Copper futures trade lower on tightening hopes

02 May 2022 Evaluate

Copper futures traded lower on Monday, driven by speculation over potential aggressive monetary tightening in the United States ahead of Federal Reserve’s monetary policy meeting later in the week. While, a firm US dollar also weighed on copper prices.

Copper futures for July delivery fell $0.0935 at $4.3150 a pound on the Comex metals division of New York Mercantile Exchange.