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Copper futures trade higher on Monday

27 May 2024 Evaluate
Copper futures traded higher on Monday as data showed Chinese industrial profits grew steadily in April. Copper prices improved further on muted American currency ahead of the United States, European and Japanese inflation data to guide the global interest rate outlook. 

Copper futures for July delivery gained 0.34% or $0.0160 at $4.7695 a pound on the Comex metals division of New York Mercantile Exchange.