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Copper futures settle higher on strong export data from China

08 Dec 2023 Evaluate
Copper futures settled higher on Thursday tracking strong export data from the world’s top metal consumer China, while a weakening US dollar and supply disruptions in the Cobre mine in Panama also supported copper prices’ uptrend. Investors are focusing on US payrolls data due Friday for more cues on US Federal Reserve's interest rate path. 

Copper futures for December delivery gained $0.0680 to settle at $3.7845 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.68 percent at $8,342 a ton.