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Copper futures were down on Tuesday as investors look for clues of further shifts in the U.S. monetary policy.
As investors look for further shifts in U.S. monetary policy, specifically regarding the status and pace of the tapering of the U.S. Federal Reserve’s stimulus program, copper futures experienced fluctuations early in the day January 14, Investing.com reported.
Copper for delivery in three months on the London Metal Exchange, fell 0.6 percent to $3.35 a pound, or $7,383.50 a tonne, Businessweek reported.
On the Comex in New York, copper futures for delivery in March fared similarly, retreating to $3.324 a pound, a slip of 0.7 percent, Bloomberg Businessweek reported. However, fluctuations of copper prices on the Comex saw the commodity swing between $3.338 a pound and $3.351 a pound, Investing.com reported.
