Copper futures ended higher on Thursday, supported by a weak US dollar against its major counterparts after data showing growth in the US economy significantly slowed in the third quarter. Meanwhile, investors are now waiting for the US Federal Reserve’s next week’s meeting to see how it moves forward with plans to trim bond purchases and its position on interest rates.
Copper futures for December delivery gained $0.0490 to settle at $4.4385 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.24 percent at $9,666.50 a ton.