Copper futures traded lower on Monday amidst a stronger US dollar with expectations that US interest rates could stay higher for longer to cool off stubbornly high inflation. Meanwhile, a weaker-than-expected GDP target for top metals consumer China for 2023 also dampened sentiments.
Copper futures for May delivery lost $0.0065 or 0.16% at $4.0605 a pound on the comex metals division of New York Mercantile Exchange.