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Copper futures settle higher on Monday

13 Feb 2024 Evaluate

Copper futures settled higher on Monday ahead of US inflation data that could hint at the date of the first Fed interest-rate cut this year. Meanwhile, trading was thin as markets in China were closed for the Lunar New Year holiday.

Copper futures for March delivery gained $0.0425 to settle at $3.7240 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.81 percent at $8,235 a ton.