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Copper futures trade higher as dollar weakens

05 May 2025 Evaluate

Copper futures were trading higher on Monday as the US dollar weakened against its major peers overseas ahead of the Federal Reserve's policy decision due later this week. Moreover, optimism around renewed US-China trade talks also supported copper prices’ up-move.

Copper futures for July delivery gained $0.0405 or 0.87% at $4.7135 a pound on the Comex metals division of New York Mercantile Exchange.