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Copper futures trade higher on Monday

27 Jun 2022 Evaluate

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.