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Copper futures settle higher on Wednesday

06 Apr 2023 Evaluate
Copper futures settled higher on Wednesday as weak US economic data fuelled views that the US Federal Reserve is near the end of its monetary tightening cycle. Although, firm US dollar makes copper more expensive to holders of other currencies. 

Copper futures for May delivery gained $0.0155 to settle at $3.9865 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.35 percent at $8,782 a ton.