Copper futures settled down on Tuesday due to concerns over demand in the world’s top metal consumer China, while investors are cautiously awaiting the US Fed's monetary policy decision later in the day. The US Federal Reserve is expected to keep current interest rates unchanged but may signal potential policy easing as soon as September.
Copper futures for September delivery lost $0.0005 to settle at $4.0840 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.60 percent at $8,972. a ton.