COMMODITY
Copper futures settle down on demand concerns
Mar-27-2024
Copper futures settled down on Tuesday due to demand concerns, and followed by a weakening Chinese currency Yuan makes copper more expensive in the world's top metals consumer China. Meanwhile, investors are cautiously awaiting the release of the US PCE price index data due later this week as well as addresses by top Fed officials.

Copper futures for May delivery lost $0.0075 to settle at $4.0085 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.12 percent at $8,862 a ton.

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