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Copper futures settle marginally higher on Tuesday

07 Jun 2023 Evaluate
Copper futures settled marginally higher on Tuesday, supported by some positive economic data from the world’s top metal consumer China. Activity in China's service sector expanded to the highest level in two and a half years in May, a private sector survey showed. Meanwhile, investors are awaiting to next week's US Federal Reserve monetary policy meeting for directional cues.

Copper futures for July delivery gained $0.0005 to settle at $3.7685 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.05 percent at $8,339 a ton.