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Copper futures trade lower as dollar strengthens

23 Jun 2025 Evaluate

Copper futures were trading lower on Monday as US dollar strengthened against its major peer currencies after the US President Donald Trump’s announcement that the US has struck three nuclear facilities in Iran, raising fears of a broader regional conflict. Moreover,  weak demand weighed on copper prices.

Copper futures for July delivery lost $0.0170 or 0.35% at $4.8165 a pound on the Comex metals division of New York Mercantile Exchange.