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Copper futures settle higher on Friday

02 Sep 2023 Evaluate
Copper futures settled higher on Friday followed by China's latest move to ease pressure on the property market, while a private survey showed Chinese manufacturing expanded in August. Moreover, an uptick in US unemployment cemented expectations that the US Federal Reserve would keep interest rates steady at its September meeting.

Copper futures for December delivery gained $0.03 to settle at $3.8520 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.93 percent at $8,500.50 a ton.