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Copper futures trade higher on weak dollar

08 May 2023 Evaluate

Copper futures traded higher on Monday tracking weakness in the US dollar index. Meanwhile, investors are awaiting US inflation data due Wednesday. However, lacklustre demand from the world’s top metal consumer China limited further gains in copper prices. 

Copper futures for May delivery gained 0.37% or $0.0145 at $3.8975 a pound on the comex metals division of New York Mercantile Exchange.