COMMODITY
Copper futures trade higher on steady dollar overseas
Oct-21-2024
Copper futures were trading higher on Monday as a steady American currency against its major peers overseas supportive to red metal prices’ up-move, while hopes of more stimulus measures from top consumer China also helped the rally. However, rising concerns over ongoing Middle East tensions and uncertainties ahead to upcoming US presidential elections have limited further gains in copper prices.

Copper futures for December delivery gained by $0.0635 or 1.45% at $4.4480 a pound on the Comex metals division of New York Mercantile Exchange.

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