COMMODITY
Copper futures finish down on Wednesday
Sep-05-2024
Copper futures finished down on Wednesday after job openings in the United States fell in July as fewer positions were available than anticipated. Data showed that US JOLTS job openings declined to 7.67 million in July, which undershot expectations for 8.1 million and was down sharply on June's 7.91 million. Moreover, prospect of weaker global economic growth also dampening copper demand. Investors are cautiously awaiting US payrolls report due Friday for Fed rate clues. 

Copper futures for September delivery lost $0.0125 to settle at $4.0195 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.06 percent at $8,960 a ton.


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