COMEX copper jumped to a two and half week high on Monday morning in Asia tracing weakness in dollar index and hopes of easing trade tensions. Softer US inflation data released on Friday has reinforced the expectation of rate cuts from the US Federal Reserve (Fed), weighing on dollar that is trading under 99 mark. The red metal is currently quoting at $5.20 per pound, up by over 1.5% at the start of the week. Progress in trade talks between US and China are seen reducing tensions. The red metal also reportedly gained support from ongoing supply disruptions, with Freeport-McMoRan cutting its sales outlook following a fatal accident at its Grasberg mine in Indonesia last month.

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