Copper futures settled higher on Friday, aided by US dollar's retreat after weak manufacturing data raised prospect of US interest rate cuts. Meanwhile, global investors’ attention is now on China's major meeting next week, where growth targets and policy goals will be announced. Although, escalating tensions in the Middle East limited further gains in copper prices.
Copper futures for May delivery gained $0.0145 to settle at $3.8615 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.12 percent at $8,503.50 a ton.