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Copper futures settle down ahead of US inflation data

13 Sep 2023 Evaluate
Copper futures settled lower on Tuesday with caution ahead of US inflation data, that could influence the US Federal Reserve's interest rate decisions. Increasing exchange inventories also weighed on copper prices. Although, some losses were limited by China's latest support measures in property sector.

Copper futures for December delivery lost $0.0150 to settle at $3.7920 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.13 percent at $8,391 a ton.