COMMODITY
Copper futures trades flat on Monday
Oct-07-2024
Copper futures were trading almost flat with negative momentum on Monday as market participants awaited inflation data and comments from US Federal Reserve officials for further cues on interest rate path, while stronger than expected US jobs growth data also dashed hopes of aggressive rate cuts in the coming months. However, some losses were capped by speculation that China will unveil more stimulus measures to fuel the economy.

Copper futures for December delivery lost by $0.0025 or 0.05% at $4.5715 a pound on the Comex metals division of New York Mercantile Exchange.

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