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Copper futures settle higher on bargain hunting

03 Jul 2021 Evaluate

Copper futures settled higher on Friday due to bargain hunting by investors, even though stronger US dollar against other major currencies making metals priced in the US unit more expensive for holders of other currencies.

Copper futures for September delivery gained $0.04 to settle at $4.2760 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.58 percent at $9,376.50 a ton.