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Copper futures trade down on Monday

22 Jul 2024 Evaluate
Copper futures are trading marginally down on Monday as investors are keenly awaiting more clues on the Federal Reserve's monetary policy path. However, falls were limited by weak dollar after news that US President Joe Biden has endorsed his vice president Kamala Harris to become the Democratic nominee in the November election after he announced he would step aside from the race.

Copper futures for September delivery fell by $0.0070 or 0.17% at $4.2295 a pound on the Comex metals division of New York Mercantile Exchange.