Copper futures ended higher on Monday as the dollar weakened after hitting a 1-1/2-year high last week with expectations of a faster pace of interest rate hikes by the US Federal Reserve. Meanwhile, trading volumes were thin as markets in the world’s top metals consumer China were closed for the week-long Lunar New Year holiday till February 6.
Copper futures for March delivery gained $0.0145 to settle at $4.3245 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.02 percent at $9,506 a ton.