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MCX BASE METAL TIPS | Copper closes lower on downbeat demand outlook

Copper prices closed lower in the Asian market on Monday as investors and speculators resorted to a cautious stance ahead of the outcome of the United State Fed Reserve’s two-day monetary policy meet on Wednesday, in which a hike in interest rates, the first since 2006, is at most a certainty, boosting the dollar, and dimming the demand for dollar-denominated commodities such as copper.
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