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Copper futures settle down on stronger US dollar
Apr-23-2024

Copper futures settled down on Monday driven by stronger US dollar that makes copper more expensive for holders of other currencies. However, some losses were capped by supply disruption amid sanctions on Russian metals. Meanwhile, investors are keeping a close eye on the U.S. inflation data that due this week to gather more clues on the future of US interest rates.

Copper futures for May delivery lost $0.04 to settle at $4.436 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.47 percent at $ 9,829.50 a ton.


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