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Copper futures settle higher on Wednesday

31 Aug 2023 Evaluate
Copper futures settled higher on Wednesday, supported by softer US dollar along with growing anticipation that the US Federal Reserve would pause raising interest rates. Meanwhile, investors are eyeing a US personal consumption expenditure report, which will be released on Thursday. 

Copper futures for December delivery rose $0.0050 to settle at $3.8440 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.28 percent at $8,472.50 a ton.