COMMODITY
Copper futures trading lower on Monday
Aug-08-2022
Copper futures was trading lower on Monday driven by ahead of key US inflation due later in the week and on mixed Chinese trade data. Data showed that China's export growth continued to rise in July, while China’s overall imports grew slower than expected in July, sending the total trade surplus to a record high. Copper prices weakened further on demand concerns following growing tensions between the United States and China along with expectations of a sharp interest rate hike by the US Federal Reserve next month.

Copper futures for September delivery lost $0.0035 or 0.1% at $3.5485 a pound on the Comex metals division of New York Mercantile Exchange.
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