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Copper futures settle higher on weak dollar

10 Mar 2023 Evaluate
Copper futures settled higher on Thursday tracking weakness in US dollar which makes copper cheaper to holders of other currencies. Although, sluggish demand following fears of faster rate hikes by the US Federal Reserve to tame inflation, capped further gains in copper prices.

Copper futures for May delivery gained $0.0120 to settle at $4.0390 a pound on the comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down by 0.65 percent at $8,853 a ton.

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