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Copper futures settle higher on hopes for solid China’s demand

20 Aug 2022 Evaluate
Copper futures settled higher on Friday with expectations for solid demand from the World’s top metal consumer China. Although, strength in the US dollar index capped copper gains as it makes dollar-priced metals costlier for buyers with other currencies.

Copper futures for September delivery gained $0.033 to settle at $3.6645 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.59 percent at $8,078.50 a ton.