Copper futures end lower on the escalating trade dispute

Copper futures ended lower on Monday, driven by the escalating trade dispute between the world’s two biggest economies, while China’s central bank allowed the Yuan to breach the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate more currency weakness that could further inflame the trade conflict.

Copper futures for September delivery fell $0.0275 to settle at $2.5440 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange closed down 0.8 percent at $5,685 a ton.

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