Skip to main content

MoneyWorks4Me

Copper futures settle higher on weak dollar

30 Sep 2023 Evaluate
Copper futures settled higher on Friday as the US dollar index fell against its major peers, that makes dollar-priced metals cheaper for holders of other currencies. However, rising exchange inventories and weaker-than-expected economic recovery in the world’s top metal consumer China have limited further gains copper prices.

Copper futures for December delivery rose $0.0295 to settle at $3.7375 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.64 percent at $8,270.50 a ton.