COMMODITY
Copper futures end down on profit booking
Jul-04-2025
Copper futures ended down on Thursday due to profit booking after a stronger than expected US job report signalled that the US central bank might take longer to cut interest rates, while a strong American currency makes dollar-denominated copper more expensive for overseas buyers. However, supply shortages due to ongoing US investigation into potential tariffs on copper imports has limited further falls in copper prices.

Copper futures for September delivery fell $0.056 to settle at $5.1415 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.58 percent at $9,954.50 a ton.
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