COMMODITY
Copper futures settle down as dollar strengthens
Jan-16-2026

Copper futures settled down on Thursday as the US dollar strengthened against its major peers overseas after better-than-expected US economic news boosted expectations that the Federal Reserve will keep rates on hold for the next several months. Data showed that the number of Americans filing new applications for unemployment benefits unexpectedly fell to a seasonally adjusted 198,000 for the week ended January 10. Moreover, hawkish comments from Atlanta Fed President Raphael Bostic and Kansas City Fed President Jeff Scmid, also dampened red metal prices.

Copper futures for March delivery fell $0.064 to settle at $5.9915 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.63% at $13,106 a ton.


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