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Copper futures settle down on Thursday

21 Apr 2023 Evaluate
Copper futures settled lower on Thursday in caution after the US Federal Reserve policymakers hinted further interest rate hikes in May as inflation still remained at problematic levels. Moreover, concerns over potential recession in the United States also weighed on copper sentiments.

Copper futures for May delivery lost $0.0515 to settle at $4.0255 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.94 percent at $8,881 a ton.