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Copper futures settle down on Tuesday

24 Jun 2026 Evaluate
Copper futures settled lower on Tuesday as a stronger dollar, the Federal Reserve’s hawkish stance, and investors’ caution ahead of this week’s PCE inflation report - the Fed’s preferred inflation gauge - weighed on the demand outlook. Meanwhile, investors continued to monitor developments in the Middle East. The US Senate passed a bipartisan resolution directing US President Donald Trump to withdraw American forces from the Iran conflict, though it remained unclear how it would impact the war as Trump's administration negotiates a peace ?agreement with Iran.

Copper futures for July delivery fell $0.2175 to settle at $6.1480 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 2.04% at $13,371 a ton.

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