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Copper futures end lower on strong US dollar

08 Apr 2022 Evaluate

Copper futures ended lower on Thursday amid strengthening US dollar after minutes of Federal Reserve's recent meeting indicated the central bank is preparing to move aggressively to cool off inflation. However, some gains were capped as more sanctions on key producer Russia raised concerns over supply.

Copper futures for May delivery fell $0.0385 to settle at $4.6995 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.06 percent at $10,311.50 a ton.