Copper futures settled down on Tuesday, as investor sentiment remained cautious due to escalating tensions between Israel and Iran. Moreover, firm American currency also weighed on copper prices. Although, stronger-than-expected retail sales data from China, which boosted hopes of a demand revival for the red metal.
Copper futures for July delivery lost $0.0270 to settle at $4.8090 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.35 percent at $9,669.00 a ton.