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Copper futures end lower on Thursday

19 Jul 2024 Evaluate
Copper futures ended lower on Thursday as China’s Third Plenum failed to provide any details on further stimulus measures to shore up its economy, while investors are switching from copper to gold on expectations of earlier interest rate cuts by the US Federal Reserve. Moreover, firm American currency at overseas markets also dampened copper prices.

Copper futures for September delivery lost $0.1290 to settle at $4.2795 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 2.58 percent at $9,386 a ton.