Copper futures settled higher on Friday as investors awaited cues on how many times the Federal Reserve is likely to cut interest rates this year, and focusing minutes from the Fed's most recent policy meeting due next week. Copper prices gained further as the world’s top metal consumer China announced fresh support for its ailing property sector.
Copper futures for July delivery gained $0.1730 to settle at $5.05 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 2.34 percent at $10,668 a ton.