COMMODITY
Copper futures settle higher on Thursday
May-23-2025

Copper futures settled higher on Thursday on signs of strength in the US economy after data showed weekly jobless claims fell to a 1-month low and the May S&P manufacturing PMI unexpectedly increased. However, some gains were limited as the Republican-controlled US House of Representatives passed a bill that would cut taxes and is expected to burden the US with trillions of dollars of debt.

Copper futures for July delivery gained $0.0075 to settle at $4.6795 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.35 percent at $9,500.50 a ton.

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