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Copper futures end higher on Wednesday

26 Aug 2021 Evaluate

Copper futures ended higher on Wednesday even as global investors are in cautious mood ahead of US Federal Reserve Chair Jerome Powell's speech this week, which could provide cues to US Fed’s tapering of economic stimulus. Meantime, US dollar index closed flat after a continued decline. Steep decline in inventories available in the London Metal Exchange warehouse system also supported red metal prices.

Copper futures for September delivery gained $0.0095 to settle at $4.2675 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.21 percent at $9,356 a ton.