Copper futures extend fall on Monday
Copper futures extended their fall on Monday as a stronger US dollar made copper more expensive for international buyers using foreign currencies, which reduced demand and pushed prices lower. Copper prices weakened further as the conflict between Israel, the United States, and Iran entered its fourth week with no sign of easing; this has pushed oil and gas prices higher, threatening to hurt economic activity worldwide and fuelling inflation that will likely force central banks to take a more hawkish stance on interest rates.
Copper futures for May delivery fell $0.0635 or 1.18% at $5.3110 a pound on the Comex metals division of New York Mercantile Exchange.
