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Copper futures settle lower despite weak US dollar

04 Feb 2022 Evaluate

Copper futures settled lower on Thursday even after the US dollar index has come off its highs. Copper prices weakened further as markets in the World’s top metals consumer China were shut for a week-long holiday. Meanwhile, investors are waiting for the US non-farm payroll data due later in the day.

Copper futures for March delivery lost $0.0250 to settle at $4.4710 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.07 percent at $9,832.50 a ton.