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Copper futures end higher as dollar weakens

29 Jan 2021 Evaluate

Copper futures ended higher on Thursday as dollar weakened, which makes dollar-denominated commodities cheaper to purchase for holders of currencies. Further, firm demand from world’s top metal consumer China and vaccine optimism also added to upside.

Copper futures for March delivery gained $0.0205 to settle at $3.5780 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.61% at $7873 a ton.