COMMODITY
Copper futures settle down on strengthening US dollar
Nov-13-2024
Copper futures settled down on Tuesday as strengthening US dollar makes copper more costly for buyers using other currencies. Moreover, concerns over policy uncertainties under Trump’s administration, particularly potential tariffs and reduced emissions targets has also added pressure to the metals market. Besides, fears of worsening US-China tensions and failure of China’s 10 trillion yuan debt package have also weighed on industrial metals. Meanwhile, investors are awaiting key US inflation reading later in the week for directional cues. 

Copper futures for December delivery lost $0.092 to settle at $4.1365 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 2.03 percent at $9,142 a ton.
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