Copper futures settled higher on Wednesday as the US dollar weakened against its major peers overseas. However, some gains were limited by mixed inflation signals from top copper importer China and Fed Chair gave no clear guidance on when the Fed will begin cutting interest rates.
Copper futures for September delivery gained $0.0310 to settle at $4.6085 a pound on the Comex metals division of New York Mercantile Exchange Copper on the London Metal Exchange was up by 0.36 percent at $9,905 a ton. ENG cutting rates