Copper futures settled higher on Wednesday followed by China’s supporting measures to revive a troubled property market, while a weaker US dollar also makes copper cheaper for holders of other currencies. Copper prices improved further as hot US inflation report reinforced hopes that the US Federal Reserve would leave interest rates unchanged next week.
Copper futures for December delivery gained $0.0010 to settle at $3.7930 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.31 percent at $8,417 a ton.