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Copper futures settle higher as dollar strengthens

08 Jul 2021 Evaluate

Copper futures settled higher on Wednesday as the US dollar index strengthened, while global investors had waited for the release of minutes from the latest Federal Reserve meeting. However, anxiety about the global economy and concerns about the highly contagious delta variant of Covid-19 capped further gains.

Copper futures for September delivery gained $0.0715 to settle at $4.3225 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.54 percent at $9,455 a ton.