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Copper futures settle higher on demand hopes in China

18 Aug 2023 Evaluate
Copper futures settled higher on Thursday due to demand hopes after China's central bank PBoC injected more money into the market to support the economy. However, some gains were capped by hawkish outlook on interest rates from the US Federal Reserve.

Copper futures for September delivery gained $0.034 to settle at $3.6915 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.84 percent at $8,235.50 a ton.