Copper futures were trading higher on Monday, supported by weakness in the American currency overseas with growing expectations that the US central bank is likely to continue with interest rate cuts later this year. Copper prices improved further by supply concerns following an accident at the world's second-largest Grasberg mine in Indonesia, while Chinese buyers are restocking ahead of the upcoming Golden Week holiday.
Copper futures for December delivery gained $0.04 or 0.84% at $4.8115 a pound on the Comex metals division of New York Mercantile Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: