Copper futures settled higher on Monday, supported by a weaker dollar ahead of crucial US consumer Inflation Data on Tuesday. Although, expectations of further policy tightening by the US Federal Reserve capped further gains in red metal prices.
Copper futures for March delivery gained $0.0410 to settle at $4.0575 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.91 percent at $8,938 a ton.