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Copper futures trade almost flat on Monday

13 Nov 2023 Evaluate
Copper futures was trading almost flat with negative momentum on Monday as hawkish comments from Jerome Powell renewed interest rate hike fears again. Meanwhile, investors are cautiously awaiting US inflation data later in the week for additional clues about the outlook for interest rates. But weak dollar supports base metal prices.

Copper futures for December delivery lost 0.08% or $0.0030 at $3.5840 a pound on the Comex metals division of New York Mercantile Exchange.