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Copper futures settle higher on weak dollar

13 Dec 2023 Evaluate
Copper futures settled higher on Tuesday as the US dollar weakened against its major peers overseas. Copper prices improved further after the Chinese leadership pledged greater efforts to support the country's flagging real estate sector. Meanwhile, investors are awaiting major central bank policy meetings for interest rate cues.

Copper futures for March delivery gained $0.0070 to settle at $3.7875 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.17 percent at $8,355 a ton.