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Copper futures trade lower on profit booking

28 Sep 2026 Evaluate

Copper futures were trading lower on Monday, due to profit booking at higher levels ahead of China’s public holidays from October 1 to 7. Copper prices also came under pressure as expectations grew that the Fed may continue raising interest rates to contain inflation. Moreover, firm US dollar makes dollar-priced metals more expensive for buyers holding other currencies. 

Copper futures for December delivery fell $0.0965 or 1.43% at $6.6695 a pound on the Comex metals division of New York Mercantile Exchange.