Copper Futures End Lower On Monday

Comex copper futures ended lower on Monday, while London copper prices too fell ahead of a meeting of the US Federal Reserve and economic data from top consumer China that could yield clues to future demand growth. However, some losses were capped by a lower US currency, which when it falls makes dollar-denominated metals cheaper for non-US firms, potentially boosting demand. 

Copper futures for July delivery lost 1.3 percent to settle at $2.616 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 0.5 percent to $5,772 a metric ton.

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