Saturday 27 July 2019

Copper futures finish lower on Friday

Copper futures finished lower on Friday, after lackluster European Central Bank's monetary policy decision. The market had anticipated the ECB to take quicker and more decisive action to cut down the benchmark interest rates ahead of the Federal Reserve's policy meeting next week.

Copper futures for September delivery shed 1.85 cents, or 0.7%, to end at $2.6850 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended was down 0.5% at $5,978 a tonne.

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