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Copper futures end lower on profit booking

29 Dec 2021 Evaluate

Copper futures ended lower on Tuesday due to profit booking in the global markets following concerns over spreading COVID-19 variant Omicron across the world. However, falling US dollar index and surging oil prices boosted upward momentum in copper prices and capped its further losses. Meanwhile, the London Metal Exchange (LME) was closed for the Boxing Day holiday on Tuesday.

Copper futures for March delivery fell $0.0390 to settle at $4.4330 a pound on the Comex metals division of New York Mercantile Exchange.

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