Copper futures settled higher on Monday as the US dollar weakened with expectations that the US Federal Reserve will announce a large cut to interest rates later this week. Copper prices improved further as a string of poor Chinese data sparked calls for policymakers to step up support for the economy.
Copper futures for December delivery gained $0.0375 to settle at $4.2735 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.88 percent at $9,390 a ton.