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Copper futures settle higher on Monday

16 Jun 2026 Evaluate
Copper futures settled higher on Monday as the US dollar came under pressure after the United States and Iran reached an interim peace agreement, with the Strait of Hormuz to reopen when the agreement is expected to be signed in Switzerland on Friday. Prices improved further as the Federal Reserve is widely expected to leave interest rates unchanged at its first meeting under the new chair, Kevin Warsh. Investors looked ahead to policy decisions from central banks in Japan, Australia, the UK, and other major economies this week. 

Copper futures for July delivery rose $0.051 to settle at $6.4960 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.34% at $13,745 a ton.



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