Copper futures finished down on Thursday due to demand woes tracking firm American currency at overseas markets, while upbeat US Q2 GDP data trimmed expectations for a larger 50 basis point interest rate cut in September by the US Federal Reserve. Moreover, rising inventories in exchange-registered warehouses has also dampened sentiments.
Copper futures for September delivery lost $0.0020 to settle at $4.1475 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.18 percent at $9,244 a ton.