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Copper futures trade down on profit booking

19 Jun 2023 Evaluate
Copper futures traded down on Monday due to profit booking after some gains in recent sessions. Moreover, firm US dollar also dented the market sentiments. Meanwhile investors are cautiously awaiting US Federal Reserve Chair Jerome Powell's testimonies for clues on the interest rate path ahead.

Copper futures for July delivery lost 0.69% or $0.0270 at $3.8620 a pound on the Comex metals division of New York Mercantile Exchange.