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Copper futures settle higher on Tuesday

17 Aug 2022 Evaluate
Copper futures settled higher on Tuesday on the prospect of more stimulus measures from the world’s major importer, China to support economic growth. Meanwhile, US dollar closed almost flat overnight ahead of US retail sales and minutes from the Federal Reserve's July meeting due on Wednesday.

Copper futures for September delivery gained $0.0070 to settle at $3.6245 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was flat at $7,979 a ton.