Skip to main content

MoneyWorks4Me

Copper futures trade higher on weak dollar

27 Nov 2020 Evaluate

Copper futures traded higher on Friday as the dollar weakened, which makes copper more affordable with respect to other currencies. Further, reports of progress on corona virus vaccines too boosted demand for the industrial metal. US markets were closed Thursday due to the Thanksgiving holiday.

Copper futures for March delivery gained $0.0580 at $3.3885 a pound on the Comex metals division of New York Mercantile Exchange.