Copper futures settled higher on Thursday after data showed the US economy grew more than expected in the fourth quarter. Moreover, hopes for stronger demand from top metal consumer China also boosted copper prices. Investors are awaiting US Fed, European Central Bank, and Bank of England policy meetings next week. However, all three are expected to continue hiking their interest rates.
Copper futures for March delivery gained $0.0230 to settle at $4.2675 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.16 percent at $9,329.50 a ton.