Copper futures settled down on Tuesday tracking firm American currency ahead of US inflation data and the Federal Reserve's policy announcement due later today. The expectation is for US interest rates to remain in the range between 5.25% and 5.5%. Moreover, rising inventories in exchange warehouses and concerns over Chinese demand also weighed on red metal prices.
Copper futures for July delivery lost $0.0335 to settle at $4.51 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.41 percent at $9,759 a ton.