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Copper futures settle higher on pullback in American dollar

16 Jun 2022 Evaluate

Copper futures settled higher on Wednesday tracking a pullback in the US dollar and US Treasury yields. Copper prices improved further, driven by uptick in demand after the world’s top metal consumer China showed signs of recovery in May following better-than-expected economic data.

Copper futures for July delivery gained $0.0070 to settle at $4.1635 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down 0.01 percent at $9,230 a ton.