COMMODITY
Copper futures settle lower on Thursday
Sep-25-2020

Copper futures ended lower on Thursday due to rising concerns about the global resurgence in corona virus infections. Further, Thursday’s Labor Department report showed US Jobless claims increased slightly to 870,000 last week from 866,000 a week earlier, too added pressure on commodity prices. Though, expectations of fresh federal stimulus measures capped some losses.

Copper futures for December delivery lost $0.0250 to settle at $2.9680 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.23% at $6,523.50 a ton.

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