COMMODITY
Copper futures settle higher as dollar tumbles overseas
Aug-02-2025
Copper futures settled higher on Friday as the US dollar tumbled against its major peers overseas, and after a weaker-than-expected US employment report spurred bets that the US Federal Reserve will cut interest rates as early as next month. However, some gains were limited by concerns about the economic impact of US President Trump's tariffs, as the White House announced new tariff rates on dozens of countries, ranging from 10% to 41%.

Copper futures for September delivery gained $0.081 to settle at $4.4355 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.20 percent at $9,630.50 a ton.
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