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Copper futures settle flat as dollar strengthens

17 Jul 2021 Evaluate

Copper futures settled flat on Friday as dollar strengthened by upbeat retail sales data that bolstering expectations for economic growth accelerated in the second quarter. Further, worries over higher-than-expected inflation figures too adding pressure on copper prices.

Copper futures for September delivery settled flat at $4.3230 per pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.63 percent at $9,427 a ton.