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Copper futures trade higher on muted dollar

21 Aug 2023 Evaluate
Copper futures traded higher on Monday on account of muted US dollar and signs of supply tightness in the market. Meanwhile, investors are awaiting Federal Reserve's Jackson Hole speech this week, where US Federal Reserve Chair Jerome Powell is expected to offer more signals on the path of US interest rates. 

Copper futures for September delivery gained 0.32% or $0.0120 at $3.7180 a pound on the Comex metals division of New York Mercantile Exchange.