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Copper futures settle down on Thursday

03 Jul 2026 Evaluate
Copper futures settled lower on Thursday, even though the US dollar weakened overseas following softer-than-expected US employment data that scaled back bets for Federal Reserve interest rate hikes. The US economy added just 57,000 jobs in June, the fewest in four months and well below forecasts of 110,000, while the unemployment rate stood at 4.2%. Meanwhile, easing supply risks in the Strait of Hormuz and renewed optimism over US-Iran negotiations weighed on copper price.

Copper futures for September delivery fell $0.0105 to settle at $6.1690 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up by 0.21% at $13,326 a ton.

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