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Copper futures end lower on Tuesday

28 Jul 2021 Evaluate

Copper futures ended lower on Tuesday ahead of a US Federal Reserve meeting that expected to give more direction on monetary policy. However, softer dollar makes dollar-priced metals cheaper to holders of other currencies.

Copper futures for September delivery lost $0.0405 to settle at $4.5445 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.52 percent at $9,758.50 a ton.