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Copper futures finish marginally higher as dollar weakens

09 Oct 2020 Evaluate

Copper futures finished marginally higher on Thursday as dollar weakened and followed by renewed optimism over prospects for another round of US fiscal stimulus. Further, continued improvement in US economic data too supported copper prices. The Labor Department's data showed US Initial jobless claims filed through state programs slid to 840,000 in the week ended October 3 from a revised 849,000 in the prior week.

Copper futures for December delivery gained $0.0090 to settle at $3.0420 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.06% at $6,683 a ton.