Copper futures traded flat on Monday amidst improving demand from the world’s top metal consumer China, while investors are widely expected to deliver two more rate cuts by US Federal reserve through the end of the year. Meanwhile investors are awaiting PCE inflation data from the United States due on Friday.
Copper futures for December delivery gained by $0.0005 or 0.01% at $4.3435 a pound on the Comex metals division of New York Mercantile Exchange.