COMMODITY
Copper futures end lower as dollar strengthens
Aug-18-2022
Copper futures ended lower on Wednesday as the US dollar strengthened against a basket of major currencies after data showed US consumer spending was steady in July. Copper prices weakened further after the minutes of the US Federal Reserve’s July meeting showed that most members supported more interest rate hikes to bring down inflation back to its 2% target.

Copper futures for September delivery lost $0.041 to settle at $3.5835 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.68 percent at $7,924.50 a ton.
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