Copper futures traded lower on Friday due to stronger US dollar, while investors awaited further cues on Fed’s interest rates strategy. Growing fears of a global recession and a spike in Covid-19 cases in several Chinese cities also dampened the outlook for copper.
Copper futures for December delivery lost 0.72% or $0.0260 at $3.6060 a pound on the Comex metals division of New York Mercantile Exchange.