Copper futures settled higher on Friday as the US dollar weakened after data showed US jobs growth slowed more than expected in April and annual wage gains cooled, boosted expectations that the US Federal Reserve will cut interest rates twice this year. Furthermore, growing demand and dwindling supplies have also supporting red metal prices.
Copper futures for July delivery gained $0.0725 to settle at $4.557 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.48 percent at $9,910 a ton.