COMMODITY
Copper futures end lower on demand worries
Aug-21-2019

Copper futures ended lower on Tuesday on account of worries over metals demand from world’s top consumer China, where manufacturing sector activity has deteriorated due to prolonged Sino-US trade war. Meanwhile, investors are waiting for the latest minutes from the Federal Reserve on Wednesday and Chairman Jerome Powell’s speech on Friday in Jackson Hole.

Copper futures for September delivery lost 0.9 percent to settle at $2.578 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 1.1 percent at $5,711 a ton.

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