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Copper futures settle down on Monday

08 Oct 2024 Evaluate
Copper futures settled down on Monday as market participants awaited minutes of the US Federal Reserve's last meeting and the US Consumer Price Index release for September later this week for further clarity on policy easing this year. However, downside remained limited with expectations for improving demand in China ahead of a briefing on the country’s policies to promote economic growth.

Copper futures for December delivery lost $0.0075 to settle at $4.5665 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.14 percent at $9,929.50 a ton.