Copper futures settled higher on Friday with expectations of more stimulus measures in the world’s top metal consumer China for the nation’s flagging economy. Moreover, a weak US dollar against major global currencies and diminished prospect of a US recession also supported copper prices’ uptrend.
Copper futures for September delivery gained $0.0510 to settle at $3.9265 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.09 percent at $8,662.50 a ton.