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Copper futures trade higher on weak American currency overseas

04 Sep 2023 Evaluate
Copper futures traded higher on Monday in line with weak American currency in the overseas markets. Copper prices improved further on growing optimism that the US Federal Reserve will leave interest rates unchanged later this month. Meanwhile, trading volumes are expected to be low today on account of a US market holiday.

Copper futures for December delivery gained 0.29% or $0.0110 at $3.8630 a pound on the Comex metals division of New York Mercantile Exchange.