COMMODITY
Copper futures end lower as dollar strengthens
Sep-24-2020

Copper futures ended lower on Wednesday as dollar strengthened against a basket of its major peers in line with signs of economic slowdown in Europe and the United States following renewed concerns over a second wave of Covid-19 corona virus pandemic infections. Further, negotiations on a new US stimulus package remained in a deadlock, too added pressure on copper prices.

Copper futures for December delivery lost $0.0680 to settle at $2.9930 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.59% at $6,604.50 a ton.

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