Copper futures were trading down on Monday amidst steady dollar as investors focusing on crucial US jobs report at the end of this week, while recent US inflation data has also dashed hopes for a significant Federal Reserve rate cut this month. Moreover, rising inventories and weak demand in top consumer China, have also pressurizing red metal prices to some extent.
Copper futures for September delivery lost by $0.0220 or 0.53% at $4.1230 a pound on the Comex metals division of New York Mercantile Exchange.