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Copper futures trades almost flat on Monday

08 Apr 2024 Evaluate

Copper futures was trading flat with negative momentum on Monday ahead of China's Consumer Price Index (CPI) and trade balance data due later this week. Meanwhile, investors were also awaiting the United States CPI and the Fed minutes for clues about the Fed’s rate cut plans in the year ahead. However, a tight supply outlook limited further falls in prices.

Copper futures for May delivery gained 0.04% or $0.0015 at $4.2345 a pound on the Comex metals division of New York Mercantile Exchange.