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.