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Copper futures trade lower on firm dollar

10 Apr 2023 Evaluate
Copper futures traded lower on Monday as firm US dollar dampened the demand for copper. Moreover, expectations that the US Federal Reserve might hike its interest rates at next month meeting also weakened copper prices.

Copper futures for May delivery lost 0.07% or $0.0030 at $4.0125 a pound on the comex metals division of New York Mercantile Exchange.