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Copper futures settle higher as US dollar weakens

05 Aug 2022 Evaluate
Copper futures settled higher on Thursday as the US dollar weakened against its rivals as investors turned their attention to a hotly anticipated US jobs report. But some gains were capped by demand concerns following tepid global economic growth.

Copper futures for September delivery gained $0.0145 to settle at $3.4815 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.65 percent at $7,727.50 a ton.