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Copper futures trade higher on Monday

16 Oct 2023 Evaluate
Copper futures traded higher on Monday tracking firm demand in China, while the US dollar retreated from recent peaks against a basket of major currencies. Although, rising inventories and escalating tensions in the Middle East capped gains. 

Copper futures for December delivery gained 0.57% or $0.0205 at $3.5915 a pound on the Comex metals division of New York Mercantile Exchange.