COMMODITY
Copper futures settle down as dollar strengthens
Jul-29-2025

Copper futures settled down on Monday as the American currency rallied against its major peers overseas following the EU and US agreeing to a trade deal, and reports that China and the US are set to extend their trade truce by another three months. Copper prices weakened further after Chilean Finance Minister Mario Marcel said the country will push for an exemption from a planned US tariff on the metal when trade talks begin in Washington on Monday. Meanwhile, investors awaited fresh cues on interest rate policy from this week's Federal Reserve meeting.

Copper futures for September delivery lost $0.1695 to settle at $5.6155 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up by 0.24 percent at $9,793 a ton.

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