Copper futures settled higher on Monday on improved demand hopes after Chinese officials promised support to its property sector. Weak US dollar with growing optimism for an end to the US Federal Reserve’s interest rate hikes also supporting copper prices’ uptrend. Meanwhile, protests at a mine in Panama also kept copper prices up.
Copper futures for December delivery gained $0.0755 to settle at $3.8140 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.98 percent at $8,430.50 a ton.