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Copper futures trade lower on strong US currency

20 Jun 2022 Evaluate

Copper futures traded lower on Monday, weighed down by a strong US dollar which making dollar-denominated metals more expensive for overseas buyers. Copper prices weakened further by growing fears that central bank moves to rein in soaring inflation would tip the world into recession.

Copper futures for July delivery lost $0.0145 or 0.36% at $3.9990 a pound on the Comex metals division of New York Mercantile Exchange.