COMMODITY
Copper futures trade higher on Monday
May-06-2024

Copper futures were trading higher on Monday on account of renewed hopes of an interest rate cut by the US Federal Reserve twice this year after soft US jobs report. Copper prices further supported on diminished supply amid mine disruptions. However, a buoyant dollar makes copper more expensive for buyers using other currencies.

Copper futures for July delivery gained 0.91% or $0.0415 at $4.5985 a pound on the Comex metals division of New York Mercantile Exchange.


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