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Copper futures trade lower despite weak US dollar

24 Apr 2023 Evaluate
Copper futures traded lower on Monday on account of growing uncertainty over the Chinese economic recovery and fears of looming interest rate hike by the US Federal Reserve. However, weakness in the US dollar limited further fall in copper prices.

Copper futures for May delivery lost 0.06% or $0.0025 at $3.9775 a pound on the comex metals division of New York Mercantile Exchange.