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Copper futures settle down on strong dollar overseas

31 Oct 2025 Evaluate
Copper futures settled down on Thursday as the American currency strengthened against its major peers overseas after the US Federal Reserve tempered rate-cut expectations. However, some falls were limited by the positive outcome of a meeting between US President Donald Trump and Chinese leader Xi Jinping.

Copper futures for December delivery fell $0.1595 to settle at $5.1040 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 2.38% at $10,917 a ton.