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Copper futures trades down ahead of slew of US economic data

06 Jan 2025 Evaluate
Copper futures were trading down on Monday as traders awaited a slew of US economic data including the December nonfarm payrolls report for insights on the Federal Reserve's interest rate outlook, while the market is also focusing on the minutes of the Fed's December FOMC meeting. Copper prices weakened further as the US dollar hovered near two-year high against major peers overseas.

Copper futures for March delivery lost $0.0105 or 0.26% at $4.0630 a pound on the Comex metals division of New York Mercantile Exchange.

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