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Copper futures settle lower ahead of US Fed’s monetary-policy meeting

25 Jan 2022 Evaluate

Copper futures ended lower on Monday as investors cautious ahead of US Federal Reserve’s monetary-policy meeting this week with expectations that US Federal Reserve will tighten the liquidity and hike interest rates. Further, firm US dollar makes dollar-denominated metals more expensive for holders of other currencies, which can subdue demand.

Copper futures for March delivery fell $0.1115 to settle at $4.4125 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.14 percent at $9,728 a ton.

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