Skip to main content

MoneyWorks4Me

Copper futures trade lower despite US dollar weakness

12 Sep 2022 Evaluate
Copper futures traded lower on Monday even as the US dollar weakened against its major peers ahead of key US inflation data this week. Moreover, possible interest rate hikes in the United States and Europe also weighed on the sentiment.

Copper futures for December delivery lost $0.0295 or 0.83% at $3.5385 a pound on the Comex metals division of New York Mercantile Exchange.