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Copper futures end higher on weaker US dollar

12 Aug 2022 Evaluate
Copper futures ended higher on Thursday on account of weaker US dollar with reduced bets of an aggressive interest rate hikes by the US Federal Reserve in response to lower-than-expected inflation data in the United States, the world’s largest economy. Further, tight inventories across base metals also supported copper prices.

Copper futures for September delivery gained $0.0570 to settle at $3.7065 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.08 percent at $8,173 a ton.