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Copper futures settle higher as dollar fell overseas

04 Nov 2023 Evaluate
Copper futures settled higher on Friday as the US dollar fell overseas after weaker-than-expected non-farm payrolls data along with hopes that the US Federal Reserve might be done with hiking interest rates. However, disappointing Chinese PMIs, higher inventories in exchange-registered warehouses and escalating geopolitical tensions in the middle east have limited further gains in copper prices.

Copper futures for December delivery gained $0.0090 to settle at $3.6815 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.4 percent at $8,175.50 a ton.