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Copper futures end higher on Wednesday

01 Jul 2021 Evaluate

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.