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Copper futures trade down ahead of China’s national people's congress

04 Mar 2024 Evaluate
Copper futures traded down on Monday with caution ahead of China’s national people's congress meetings for 2024 for possible policy moves as China is facing a slew of economic headwinds. However, some losses were limited by bets that the US Federal Reserve will cut interest rate in June after slowdown in manufacturing activity and a drop in consumer sentiment in the United States.

Copper futures for May delivery lost 0.36% or $0.0140 at $3.8475 a pound on the Comex metals division of New York Mercantile Exchange.