COMMODITY
Copper futures end down on firm dollar
Sep-11-2024

Copper futures ended down on Tuesday tracking firm dollar ahead of crucial August inflation report from the United States, which could offer cues on the magnitude of an expected rate cut from the Fed later this month. Copper prices weakened further after weak data from top consumer fuelled persistent worries about the health of the Chinese economy and metals demand. Data showed that Chinese unwrought copper imports sliding to a 16-month low in August and total imports missing expectations.

Copper futures for December delivery lost $0.0465 to settle at $4.098 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.78 percent at $9,026 a ton.


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