Copper futures trade higher on Monday

Copper futures traded higher on Monday after an agreement between the United States and Mexico to avert a tariff war. Meanwhile, a weaker US currency also buoyed the copper buying, as it will make dollar denominated red metal cheaper for other currency holders.

Copper futures for July delivery trade higher by 0.34% at 2.6370 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange traded lower 0.60% at 5,769.50 per tonne.

MCX Live Rates