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Copper futures settle higher on Monday

09 Jun 2026 Evaluate
Copper futures settled higher on Monday after Iran declared an end to its military operations against Israel after the two sides exchanged fire for the first time since a truce took effect in April. Moreover, a marginally weaker dollar also supported the upward movement of copper prices. Meanwhile, market participants were awaiting ‌for May's US Consumer Price Index data, due on Wednesday, to gauge the Fed's monetary policy path.

Copper futures for July delivery rose $0.0655 to settle at $6.35 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.71% at $13,615.50 a ton.