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Copper futures trade lower on strong US dollar

11 Jul 2022 Evaluate
Copper futures traded lower on Monday after the US dollar index climbed back towards its highest level since November 27, 2002. Further, interest rate hikes bets also adding more pressure on red metal prices.

Copper futures for September delivery lost $0.0645 or 1.83% at $3.4575 a pound on the Comex metals division of New York Mercantile Exchange.