Skip to main content

MoneyWorks4Me

Copper futures end higher as dollar weakens

28 Dec 2021 Evaluate

Copper futures ended higher on Monday as the dollar weakened amid worries over the rapidly spreading Omicron coronavirus variant globally. Moreover, surging oil prices overnight also providing some upward momentum to copper prices. Meanwhile, the London Metal Exchange (LME) was closed for the Christmas holiday on Monday.

Copper futures for March delivery gained $0.0795 to settle at $4.4720 a pound on the Comex metals division of New York Mercantile Exchange.