Copper futures ended higher on Friday, but held near 16-months low on deep concerns about a potential economic recession after the release of major economic readings in the US and Europe. Meanwhile, a weak US dollar makes copper cheaper for investors holding other currencies.
Copper futures for July delivery gained $0.0015 to settle at $3.7405 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.33 percent at $8,381 a ton.