Copper pulled back slightly in early Asia on Monday, weighed down by regaining strength in dollar overseas. The red metal neared a five month high as dollar dropped to three month low following softer than expected inflation data. Easing inflation figures drove hopes that the US Federal Reserve could ease down its interest rate hike path and boost the metals demand. Sharp rate hikes by global central banks to tame soaring inflation have pressured copper prices that fell 21.8% from a March high. COMEX copper is currently quoting down 0.31% at $3.90 per pound. Powered by Commodity Insights
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