Copper futures settled higher on Monday as a weaker dollar makes copper cheaper for other currency holders with expectations that the Federal Reserve to cut interest rates at its December policy meeting. However, some gains were limited by concerns over Chinese demand as potential US tariffs on Chinese products could cause inflationary pressures on the economy.
Copper futures for December delivery gained 1.4% to settle at $4.12 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.78 percent at $9,072.50 a ton.