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Copper futures settle higher as US dollar eases ahead of Fed minutes

23 Nov 2022 Evaluate
Copper futures settled higher on Tuesday as the US dollar eased, with investors awaited more clues on US interest rates ahead of the minutes of the last Federal Reserve meeting. Although, worries over a potential global recession and rising Covid-19 cases in the world’s top metal consumer China, limited some gains.

Copper futures for December delivery gained $0.0430 to settle at $3.6145 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.68 percent at $8,013 a ton.