Skip to main content

MoneyWorks4Me

Copper futures settle down on firm dollar

24 Jun 2023 Evaluate

Copper futures settled down on Friday as the US dollar firmed against its major peers following hawkish comments from global central banks, which stoked fears that aggressive monetary tightening could push economies into a deeper recession.

Copper futures for July delivery lost $0.0865 to settle at $3.8035 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 2.14 percent at $8,390.50 a ton.