COMMODITY
Copper futures settle down on Wednesday
Mar-28-2024
Copper futures settled down on Wednesday on demand concerns as investors awaited more details from an upcoming meeting by Chinese smelters to cut loss-making production. Meanwhile, investors are also awaiting addresses by top Fed officials as well as the US core personal consumption expenditure price index report due on Friday to gauge when the US Federal Reserve might begin cutting interest rates.

Copper futures for May delivery lost $0.0085 to settle at $4.00 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.14 percent at $8,849.50 a ton.

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