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Copper futures trade higher on weaker dollar

23 Jan 2023 Evaluate
Copper futures traded higher on Monday tracking weaker dollar and a potentially less aggressive path of rate hikes by the US Federal Reserve. Moreover, prospects of an economic recovery in the world’s top copper consumer China also added further support to copper prices.

Copper futures for March delivery gained 0.94% or $0.04 at $4.2915 a pound on the Comex metals division of New York Mercantile Exchange.