Copper futures were trading lower in early deals on Monday as traders stayed cautious ahead of the US Federal Reserve’s monetary policy meeting this week. Although, a weaker American currency, tight global supply conditions and fears of potential US tariffs have capped the losses for the copper prices.
Copper futures for March delivery fell $0.02 or 0.37% at $5.4420 a pound on the Comex metals division of New York Mercantile Exchange.