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Copper futures settle down ahead of fed’s rate decision

13 Jun 2023 Evaluate

Copper futures settled down on Monday with caution ahead of a major US Federal Reserve decision on interest rates, while a firming US dollar also dampened sentiment. Besides, demand concerns following disappointing Chinese data also added further pressure on prices.

Copper futures for July delivery lost $0.0370 to settle at $3.7520 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.73 percent at $8,310.50 a ton.