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Copper futures settle higher on weaker US dollar

11 Nov 2022 Evaluate
Copper futures settled higher on Thursday as a weaker US dollar lent support to prices. Moreover, cooler than expected US inflation data raised market expectations that the US Federal Reserve will begin scaling back its hefty interest rate increases, also helped copper prices to move higher.

Copper futures for December delivery gained $0.0580 to settle at $3.7580 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 2.06 percent at $8,271.50 a ton.