Copper futures settled higher on Monday as market participants keep focus on the US CPI for May and the Federal Reserve interest rate decision, both due on Wednesday, and expecting no change in the current 5.25%-5.5% interest rate. However, some gains were limited by strong American currency after US data showed the world's largest economy created a lot more jobs than expected in May.
Copper futures for July delivery gained $0.06 to settle at $4.5435 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.4 percent at $9,899 a ton.