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Copper futures trade higher on Tuesday

16 Jan 2024 Evaluate
Copper futures traded higher on Tuesday, supported by expectations that the US Central bank will cut rates as soon as March. Meanwhile, investors are awaiting China’s fourth-quarter GDP and December industrial production on Wednesday for clues on future demand prospects in the world's top metals consumer China. Although, firm American currency limited further gains in copper prices.

Copper futures for March delivery gained 0.52% or $0.0195 at $3.76 a pound on the Comex metals division of New York Mercantile Exchange.