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Copper futures settle up on higher demand expectations

26 Jul 2023 Evaluate
Copper futures settled higher on Tuesday due to higher demand expectations followed by promises of more stimulus measures in the world’s top metal consumer China. However, some gains were limited by firm American currency with growing uncertainty before the conclusion of US Federal Reserve meeting on Wednesday.

Copper futures for September delivery gained $0.06 to settle at $3.9155 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.84 percent at $8,673.50 a ton.