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Copper futures trade down on Monday

15 Jul 2024 Evaluate
Copper futures were trading down on Monday as the US dollar strengthened against its major peers overseas after the attempted assassination of presidential candidate Donald Trump reinforced bets that his chances of winning the election have increased. Meanwhile investors are cautiously awaiting comments from Federal Reserve officials and US economic data for further clues about the interest rate path.

Copper futures for September delivery fell by $0.0085 or 0.19% at $4.5845 a pound on the Comex metals division of New York Mercantile Exchange.