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Copper futures trade down ahead of economic readings

07 Aug 2023 Evaluate
Copper futures traded down on Monday ahead of a slew of key US and Chinese economic readings this week for more clues on demand outlook. Meanwhile, firmer US dollar also weighed on copper prices. However, a mixed US jobs report last Friday left investors weighing the chances of another US Federal Reserve interest rate hike.

Copper futures for September delivery lost 0.75% or $0.0290 at $3.8385 a pound on the Comex metals division of New York Mercantile Exchange.