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Copper futures settle higher on Thursday

24 Mar 2023 Evaluate
Copper futures settled higher on Thursday following the Federal Reserve's hints of a pause to US interest rate increases. Moreover, dwindling exchange inventories along with improving demand from China also supported red metal prices’ uptrend. 

Copper futures for May delivery gained $0.0790 to settle at $4.1235 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.60 percent at $9,031 a ton.