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Copper futures trade down as dollar strengthens

08 Jul 2024 Evaluate

Copper futures were trading down on Monday as the US dollar gained marginally against its major peers overseas. However, some losses were limited by rising expectations of US interest rate cuts and stimulus hopes from the world’s top metal consumer China.

Copper futures for September delivery down by $0.0285 or 0.61% at $4.6235 a pound on the Comex metals division of New York Mercantile Exchange.