Copper futures settled higher on Friday as the US dollar retreating from two-month highs, which makes copper cheaper to holders of other currencies. Although, disappointing economic data from the world’s top metal consumer China, ongoing woes in Chinese property sector and fears of further interest rate hikes by federal reserve limited further gains in copper prices.
Copper futures for September delivery gained $0.0145 to settle at $3.7060 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.06 percent at $8,240.50 a ton.