Copper futures traded higher on Monday, even as a stronger US dollar makes commodities priced in the American currency more expensive for buyers using other currencies. Meanwhile, expectations of more stimulus measures from China supported copper prices’ uptrend. Investors are awaiting more major cues on the US economy this week.
Copper futures for September delivery gained 0.08% or $0.0030 at $3.9295 a pound on the Comex metals division of New York Mercantile Exchange.