Copper futures were trading down on Friday as the US Federal Reserve’s hawkish stance signals a slower pace of rate cuts in the future. Copper prices weakened further by mounting global growth fears following escalating tensions between Israel and Iran, while investors remained wary of possible US involvement.
Copper futures for July delivery lost $0.0910 or 1.88% at $4.7620 a pound on the Comex metals division of New York Mercantile Exchange.