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Copper futures settle higher despite slew of central bank meetings ahead

19 Mar 2024 Evaluate
Copper futures settled higher on Monday even with caution ahead of a slew of central bank meetings this week. Moreover, stronger-than-expected industrial production data from top consumer China supported sentiment. Meanwhile, muted American currency also helps copper prices to move higher.

Copper futures for May delivery gained $0.0055 to settle at $4.13 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.19 percent at $9,089 a ton.