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Copper futures settle down on Thursday

18 Oct 2024 Evaluate
Copper futures settled down on Thursday as a lack of fresh stimulus from a closely-watched China's housing policy briefing left some investors disappointed. Copper prices weakened further as strong September US retail-sales report fanned doubts over how quickly the Federal Reserve will continue to lower interest rates.

Copper futures for December delivery fell $0.0425 to settle at $4.3250 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.44 percent at $9,516 a ton.