Copper futures gained on Wednesday even as the US dollar index climbed to a five-week high overnight after the US Federal Reserve said it is likely to raise interest rates in March as expected and later launch a significant reduction in its asset holdings. Further, rising crude oil prices also supported copper prices uptrend.
Copper futures for March delivery rose $0.0650 to settle at $4.5150 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.18 percent at $9,916.50 a ton.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: