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Copper futures end lower on Friday

27 Aug 2022 Evaluate
Copper futures ended lower on Friday after the US Federal Reserve Chair Jerome Powell indicated more interest rate hikes ahead and also warned it would be painful. However, fresh stimulus measures by China and tight inventories capped further fall in prices.

Copper futures for September delivery fell $0.0020 to settle at $3.697 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.39 percent at $8,160.50 a ton.