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Copper futures end higher on weak US dollar

28 Jun 2022 Evaluate

Copper futures ended higher on Monday, supported by weakness in US dollar and optimism around the lifting of Covid-19 restrictions in the world’s top metal consumer China. However, fears of a global recession capped some gains in red metal prices.

Copper futures for July delivery gained $0.0220 to settle at $3.7625 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.44 percent at $8,417.50 a ton.