Copper futures ended higher on Friday in line with expectations of further policy support from China, the world’s biggest buyer of metals. Although, investors are trading cautiously on expectations that the US Federal Reserve would aggressively raise interest rates this year to subdue inflation.
Copper futures for March delivery gained $0.1125 to settle at $4.5825 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.51 percent at $9,990 a ton.