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Copper futures settle higher as US dollar weakens overseas

07 Aug 2025 Evaluate
Copper futures settled higher on Wednesday as the US dollar weakened against its major peers overseas due to growing expectations of a Federal Reserve rate cut next month after a spate of weaker economic data. Moreover, persistent supply concerns following the suspension of a mine in the world’s top producer Chile also supported copper prices’ up-move.

Copper futures for September delivery gained $0.027 to settle at $4.4130 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.39 percent at $9,676 a ton.