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Copper futures settle unchanged on Friday

07 Aug 2021 Evaluate

Copper futures settled unchanged on Friday, as the solid US payrolls data lifted dollar dulling the greenback denominated red metal investments. Moreover, copper for the most active contract registered a loss of 3.01% for the week, sharpest percentage decline since the week ending June 18, 2021.

Copper futures for September delivery settle unchanged at $4.3480 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.25% at $9,468 a ton.