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Copper futures settle higher on Thursday

04 Aug 2023 Evaluate
Copper futures settled higher on Thursday supported by hopes that Chinese government will roll out further support to boost economic growth, especially in the property sector. A weaker dollar also made it more attractive to buy the greenback-priced commodity.

Copper futures for September delivery gained $0.0560 to settle at $3.8995 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.19 percent at $8,611 a ton.