COMMODITY
Copper futures settle down on firm dollar overseas
Mar-01-2025
Copper futures settled down on Friday amid a firm dollar overseas after January’s US Personal Consumption Expenditures inflation data came in line with forecasts, suggesting the US Federal Reserve might adopt a cautious stance on additional rate cuts. Copper prices weakened further as US President Donald Trump reaffirmed that tariffs on Canada and Mexico will be implemented on March 4 and China will be charged an additional 10% tariff on the same date.

Copper futures for March delivery lost $0.0705 to settle at $4.5480 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.34 percent at $9,358 a ton.
  RELATED NEWS >>