Skip to main content

MoneyWorks4Me

Copper futures end tad higher despite strong dollar

15 Feb 2022 Evaluate

Copper futures ended marginally higher on Monday on account of investors enlarged positions, even as US dollar strengthened in line with concerns that highest inflation in 40 years could prompt tighter monetary policy from the US Federal Reserve. Tensions at the Ukrainian border also adding pressure and capped further gains in copper.

Copper futures for March delivery gained $0.0015 to settle at $4.5075 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.6 percent at $9,920 a ton.