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Copper futures end lower as US dollar strengthens

22 Nov 2022 Evaluate
Copper futures ended lower on Monday as the US dollar strengthened against its major peers following hawkish signals from the US Federal Reserve. Further, worries over a potential global recession and fears of more Covid-linked restrictions also dented sentiment. 

Copper futures for December delivery lost $0.0605 to settle at $3.5715 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.42 percent at $7,880.50 a ton.