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Copper futures settle higher on weakening US dollar

04 Sep 2021 Evaluate

Copper futures settled higher on Friday amid weakening US dollar after data showed US employers created the fewest jobs in seven months in August, casting doubt over the timing of the US central bank’s plan to scale back its bond buying scheme.

Copper futures for December delivery gained $0.03 to settle at $4.3340 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.58 percent at $9,431 a ton.