Copper futures end lower as dollar strengthens

Copper futures ended lower on Thursday as the US dollar strengthened overnight after the US Federal Reserve indicated it could tighten monetary policy faster than previously expected. Further, firm US fourth-quarter GDP data released yesterday also fuelled the market’s expectations that the Fed might accelerate interest rate hikes, too added pressure on copper prices.

Copper futures for March delivery fell $0.0915 to settle at $4.4235 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.36 percent at $9,782 a ton.