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Copper futures settle lower on stronger dollar

29 Nov 2022 Evaluate
Copper futures settled lower on Monday due to stronger dollar and after the hawkish comments from US Federal Reserve officials about the path of interest-rate hikes, while the outlook for the red metal was also dulled by demand concerns following worst Covid outbreak and protests in the world's top metal consumer China.

Copper futures for December delivery lost $0.0160 to settle at $3.6115 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.61 percent at $7,959 a ton.

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