Copper Futures End Lower As Dollar Gains - Equity Trading Tips

Copper futures ended lower from a multi-year high after positive US GDP data enlivened the dollar, placing pressure on the entire base metals complex. Reports showing that the Gross domestic product, a broad measure of the goods and services produced across the US, rose at a seasonally and inflation-adjusted annual rate of 3% in the second quarter.

Copper futures for December delivery lost 0.6 percent to settle at $3.087 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 0.3 percent at $6,769 a metric ton.

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