COMMODITY
Copper futures settle lower as dollar strengthens
Sep-21-2021

Copper futures settled lower on Monday as the US dollar strengthened ahead of US Federal Reserve’s September meeting scheduled to end on Wednesday this week, where policymakers are expected to discuss a gradual reduction in emergency asset purchases. Copper prices weakened further on the debt crisis at property giant China Evergrande Group, which is fuelling new worries about the growth of world’s top consumer China.

Copper futures for December delivery fell $0.1315 to settle at $4.1145 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 3 percent at $9,033 a ton.

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