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Copper futures settle down on Tuesday

21 Aug 2024 Evaluate
Copper futures settled down on Tuesday with caution ahead of the US Fed's July policy meeting minutes on Wednesday and Fed Chair Jerome Powell's keynote speech at the Jackson Hole symposium later in the week. Moreover, concerns over demand from top consumer China also dampened sentiments.

Copper futures for September delivery lost $0.0220 to settle at $4.1585 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.52 percent at $9,204 a ton.