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Copper futures settle down on strong dollar overseas

31 Dec 2024 Evaluate
Copper futures settled down on Monday as the US dollar strengthened against its major peers overseas, while market participants are awaiting US and Chinese economic data as well as policies from incoming US President Donald Trump. Trading volumes were low ahead of the New Year holiday on Wednesday. Besides, concerns over geopolitical uncertainties also kept investors cautious. 

Copper futures for March delivery lost $0.029 to settle at $4.0930 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.8 percent at $8,910 a ton.

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