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Copper futures settle down on Friday

24 Feb 2024 Evaluate
Copper futures settled lower on Friday due to escalating tensions in the middle east and after a US Federal Reserve policymaker indicated interest rate cuts could be delayed by at least two more months. However, some losses were limited by optimism surrounding economic support measures in top consumer China, expected to boost industrial demand for key input materials. 

Copper futures for March delivery fell $0.0170 to settle at $3.88 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.2 percent at $8,567.50 a ton.