COMMODITY
Copper futures trade higher on pause in dollar rally
Nov-18-2024
Copper futures were trading higher on Monday as the US dollar paused its rally against its major peers overseas ahead of upcoming comments from US Federal Reserve officials this week for more cues on the interest rate path. However, some gains were limited by the US Fed Chair Jerome Powell's recent hawkish comments suggesting the central bank doesn't need to hurry to lower rates.

Copper futures for December delivery rose by $0.0185 or 0.46% at $4.0830 a pound on the Comex metals division of New York Mercantile Exchange.

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