Copper futures traded higher on Monday as investors shrugged off hawkish approach from the US Fed and other central banks around the world. Moreover, hopes of a revival in demand from China following easing of Covid-19 restrictions also supported red metal prices’ uptrend.
Copper futures for July delivery gained $0.0445 or 1.19% at $3.7850 a pound on the Comex metals division of New York Mercantile Exchange.