Skip to main content

MoneyWorks4Me

Copper futures trade lower on demand concerns

05 Jun 2023 Evaluate
Copper futures traded lower on Monday due to demand concerns following string of weak economic readings from major economies. Moreover, firm US dollar and uncertainty over Fed’s interest rate hikes in June, also added pressure on copper prices.

Copper futures for July delivery lost 0.64% or $0.0240 at $3.7035 a pound on the comex metals division of New York Mercantile Exchange.