Copper futures settled lower on Thursday as US dollar gained traction against its rivals kept the copper sentiments negative. Further, sluggish demand from physical buyers following weak cues from Wall Street on reports that US President Joe Biden planned to almost double the capital gains tax too weighed on copper prices.
Copper futures for May delivery fell $0.0060 to settle at $4.2730 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.47% at $9,401 a ton.