Copper futures settled down on Wednesday as the US dollar strengthened against its major peers with more confident over patient approach from the US Federal Reserve to further monetary easing, and ahead of a key US inflation report for clues on the central bank’s interest rate path. Meanwhile, investors are also awaiting fiscal policy briefing by China’s finance ministry.
Copper futures for December delivery lost $0.0570 to settle at $4.3995 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.69 percent at $9,675 a ton.