COMMODITY
Copper futures settle higher on Tuesday
Jul-09-2025
Copper futures settled higher on Tuesday after US President Donald Trump said Washington would impose 50% tariffs on the industrial metal in the latest escalation of the president’s trade war. Meanwhile, investors are awaiting the US Federal Reserve’s latest meeting minutes for hints of potential interest rate cuts amid the central bank’s wait-and-see approach. However, some gains were limited by firm American currency that makes copper more expensive for buyers using other currencies.

Copper futures for September delivery gained $0.6595 to settle at $5.6855 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.40 percent at $9,790.50 a ton.
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