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Copper futures end lower as dollar strengthens

20 Aug 2021 Evaluate

Copper futures ended lower on Thursday after the US dollar strengthened against its peers due to fears of delay in the global economic recovery following surging Covid-19 infections this month in the United States. Further, expectations that the US Federal Reserve would start to taper its huge stimulus this year also dented sentiment.

Copper futures for September delivery lost $0.0790 to settle at $4.0410 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.64 percent at $8,894 a ton.