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Copper futures finish higher as dollar weakens

24 Apr 2021 Evaluate

Copper futures finished higher on Friday as US dollar weakened against its rivals with caution ahead of a US Federal Reserve meeting next week. Copper prices improved further as the United States and other countries hiked their targets for cutting greenhouse gas emissions at a global climate summit hosted by US President Joe Biden, while copper also expected to benefit from green investments into electric vehicles and renewable energy.

Copper futures for July delivery gained $0.0615 to settle at $4.3410 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.6% at $9,551.50 a ton.