COMMODITY
Copper futures settle down despite weak dollar
Aug-14-2024

Copper futures settled down on Tuesday, even as a weak dollar overseas made copper less expensive in other currencies for overseas buyers. Meanwhile, China is due to release its urban investment and loans data this week, and the United States will report its consumer prices figures on Wednesday that will give cues on Federal Reserve’s rate cuts.

Copper futures for September delivery lost $0.0170 to settle at $4.0515 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.75 percent at $8,958.50 a ton. 


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