Copper futures settled down on Friday as the US dollar strengthened against its major peers overseas, that makes copper more expensive for other currency holder. Meanwhile, prices were pressured by uncertainty over Fed’s interest rates and high stockpiles in top consumer China.
Copper futures for July delivery lost $0.12 to settle at $4.4420 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.78 percent at $9,682.50 a ton.