COMMODITY
Copper futures trade lower on demand concerns
Jul-04-2022
Copper futures traded lower on Monday due to demand concerns as surging inflation fuelled fears of aggressive interest rate hikes by the Federal Reserve and global economic slowdown. Moreover, US manufacturing activity slowed more than expected in June also adding more pressure on industrial metal prices. 

Copper futures for September delivery lost $0.0075 or 0.21% at $3.5965 a pound on the Comex metals division of New York Mercantile Exchange.

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