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Copper futures settle higher on decline in American currency overseas

19 Jul 2025 Evaluate
Copper futures settled higher on Friday as decline in the American currency overseas makes copper cheaper for buyers holding other currencies. Meanwhile, investors are still cautious over the tariffs announced by US President Donald Trump on the industrial metal.

Copper futures for September delivery gained $0.092 to settle at $5.6045 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.16 percent at $9,778.50 a ton.