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Copper futures settle lower as dollar strengthens

29 Jan 2022 Evaluate

Copper futures settled lower on Friday as the US dollar strengthened against a basket of major rivals after the US Federal Reserve indicated it could tighten monetary policy faster than previously expected, making copper costlier for non-US buyers.

Copper futures for March delivery fell $0.1135 to settle at $4.31 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.81 percent at $9,507.50 a ton.