COMMODITY
Copper futures trade higher on weak dollar
Aug-02-2021

Copper futures traded higher on Monday due to weakness in the US dollar, which makes dollar-priced metals cheaper to holders of other currencies. Worries over possibility of simultaneous strike disruptions at three mines in Chile, the world's top producer of copper, further supporting copper prices.

Copper futures for September delivery gained $0.0155 or 0.35% to $4.4980 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.3 percent at $9,755 a ton.

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