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Copper futures trade higher as dollar weakens

28 May 2024 Evaluate
Copper futures traded higher on Tuesday as the US dollar weakened against its major peers overseas ahead of key inflation data from major economies this week for guidance on the global interest rate outlook. Copper prices improved further after China's April industrial profit data showed a swing back to positive territory.

Copper futures for July delivery gained 1.94% or $0.0920 at $4.8455 a pound on the Comex metals division of New York Mercantile Exchange.

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