Copper futures ended higher on Monday, boosted by slide in dollar index after the US Federal Reserve Chair Jerome Powell said the Fed could begin reducing its monthly bond purchases this year though the central bank won't rush to raise interest rates. Copper prices improved further on expectations of good demand from the world’s top metal consumer China as the Country reported last week that there were no new locally transmitted cases of Covid-19 for the first time since July.
Copper futures for September delivery gained $0.0425 to settle at $4.3610 a pound on the Comex metals division of New York Mercantile Exchange.