COMMODITY
Copper futures settle down on Friday
Nov-23-2024

Copper futures settled down on Friday due to escalating Russia-Ukraine conflict after Russia deployed a new hypersonic ballistic missile at Ukraine in warning to West. Copper prices weakened further by firm dollar and weak euro after the Eurozone experienced a downturn in business activity in November, with both the services and manufacturing sectors contracting. 

Copper futures for December delivery lost 0.98% to settle at $4.0845 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.45 percent at $8,968 a ton.


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