Copper futures settled higher on Friday tracking weakness in the US dollar which makes copper more attractive for those dealing in other currencies, while hopes for improved demand from the world’s top consumer as China after news of more infrastructure projects and support for Chinese property market also boosted copper prices’ uptrend.
Copper futures for September delivery gained $0.0990 to settle at $3.5735 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 2 percent at $7,917.50 a ton.