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Copper futures settle higher on Monday

30 Jan 2024 Evaluate
Copper futures settled higher on Monday, despite concerns over demand outlook after news that a Hong Kong government ordered the liquidation of the giant real estate company Evergrande. Meanwhile, investors are awaiting the US Federal Reserve's monetary policy decision for clues on when the Fed might cut interest rates this year. 

Copper futures for March delivery gained $0.0270 to settle at $3.8790 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.15 percent at $8,558 a ton.