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Copper futures settle down on firm dollar

12 Dec 2023 Evaluate
Copper futures settled down on Monday as a firm US dollar against its major peers makes copper more expensive to holders of other currencies. Meanwhile, investors are cautious ahead of a crucial US inflation report and major central bank policy meetings for interest rate cues.

Copper futures for March delivery lost $0.05 to settle at $3.7805 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.27 percent at $8,341 a ton.