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Copper futures trade higher on weaker dollar

25 Nov 2022 Evaluate
Copper futures traded higher on Friday, driven by a weaker dollar with expectations that the pace of US interest rate hikes will slow down in coming months. Further, three of China's biggest commercial banks have agreed to provide fundraising support to property developers in an effort to support the embattled sector, also helped upside in copper prices.

Copper futures for December delivery gained $0.0355 or 0.98% at $3.6535 a pound on the Comex metals division of New York Mercantile Exchange.