Copper futures is trading higher on Monday as the weak US dollar makes American commodities more attractive to foreign buyers. Copper prices improved further by a decline in exchange inventories. However, some gains were limited by concerns about demand outlook and recession fears as US economic growth slows.
Copper futures for September delivery gained by $0.0325 or 0.79% at $4.1355 a pound on the Comex metals division of New York Mercantile Exchange.