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Copper futures settle higher on softer American currency overseas
Jun-19-2025

Copper futures settled higher on Wednesday, amid softer American currency overseas, which makes copper less expensive for other currency holders. Furthermore, tight supply followed by low stock levels in LME warehouses also supported prices. Although, some gains were limited by escalating tensions between Israel and Iran. Meanwhile, the Federal Reserve decided to keep the benchmark interest rates unchanged at 4.25% to 4.5% and signalled two possible cuts later this year.

Copper futures for July delivery gained $0.0440 to settle at $4.8530 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down by 0.14 percent at $9,655.50 a ton.


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