COMMODITY
Copper futures settle down on stronger American currency overseas
Oct-04-2023
Copper futures settled lower on Tuesday, pressurised by stronger American currency overseas, which makes dollar-priced metals more expensive for holders of other currencies. Moreover, hawkish signals from the US Federal Reserve and rising exchange inventories also fuelled concerns about demand for industrial metals.

Copper futures for December delivery declined $0.0205 to settle at $3.6210 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.58 percent at $8,006.50 a ton.

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