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Copper futures settle higher as US dollar weakens

15 Dec 2022 Evaluate
Copper futures settled higher on Wednesday as the US dollar weakened against its rivals, despite the US Federal Reserve projected higher interest rates for a longer period. Concerns over surging covid-19 cases in the world’s top metal consumer China capped further gains in copper prices.

Copper futures for March delivery gained $0.0360 to settle at $3.8780 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.23 percent at $8,516.50 a ton.