Copper futures ended higher on Wednesday despite the red metal prices fell towards the biggest monthly fall since march 2020 followed by firmer dollar. However, expectations of sooner-than-anticipated monetary policy tightening in the US have also made dollar-priced metals more expensive for holders of other currencies.
Copper futures for September delivery gained $0.245 to settle at $4.2890 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.43 percent at $9,374.50 a ton.