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Copper futures settle down as US dollar strengthens

08 Jul 2026 Evaluate
Copper futures settled down on Tuesday as the US dollar strengthened against its major peers overseas, which made dollar-denominated commodities more expensive for overseas buyers. Copper prices weakened further amid renewed tensions in the Middle East, which fuelled concerns over energy-driven inflation. Traders also looked ahead to the release of the Federal Reserve’s June meeting minutes and the upcoming US inflation report for additional clues on the Fed's policy outlook.

Copper futures for September delivery fell $0.006 to settle at $6.2260 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.28% at $13,365.50 a ton.

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