Copper futures were trading lower on Tuesday as the US dollar steady overseas and ahead of the release of FOMC Minutes and the PCE inflation data for fresh insights into the Federal Reserve’s interest rate outlook. Moreover, concerns over the US fiscal outlook and trade policies have also added pressure on copper prices. The US market was closed Monday for the solemn occasion of Memorial Day 2025.
Copper futures for July delivery lost $0.0540 or 1.12% at $4.7825 a pound on the Comex metals division of New York Mercantile Exchange.