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Copper futures settle higher on Friday

18 Mar 2023 Evaluate
Copper futures settled higher on Friday as easing worries about US banking crisis after a $30 billion lifeline for First Republic Bank lifted copper sentiments. Moreover, weak US dollar also making copper more attractive for non-dollar holders. Although, investors are cautiously awaiting interest rate decisions from the US Federal Reserve.

Copper futures for May delivery gained $0.0280 to settle at $3.8925 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.73 percent at $8,580 a ton.