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Copper futures end higher as dollar weakens

03 Sep 2021 Evaluate

Copper futures ended higher on Thursday after US dollar tumbled to multi-week lows following strong labor market data. Data showed initial filings for unemployment insurance declined last week to their lowest levels since the outbreak of the corona-virus pandemic.

Copper futures for December delivery gained $0.0260 to settle at $4.3040 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.44 percent at $9,376.50 a ton.