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Copper futures settle lower as dollar strengthens

25 Jun 2026 Evaluate

Copper futures settled lower on Wednesday as the US dollar strengthened against its major peers overseas amid hawkish expectations for Federal Reserve policy to tackle high inflation fuelled by the Iran war. Investors awaited the US Personal Consumption Expenditures data, the Federal Reserve’s preferred inflation measure, which could provide further clues on the central bank’s interest rate path. However, some falls were limited by falling oil prices, which hit their lowest levels since the start of the Iran war as more tankers were expected to move out of the Strait of Hormuz. Additionally, US President Donald Trump stated that Iran had informed Washington that no transit tolls were being charged.

Copper futures for July delivery fell $0.1995 to settle at $5.9485 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 2.13% at $13,086.50 a ton.

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