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Copper futures settle higher on weak dollar

30 Nov 2024 Evaluate
Copper futures settled higher on Friday amidst weak dollar and as investors awaiting next Friday's US employment report for November for further insights into the Federal Reserve's monetary policy direction. Moreover, speculation that top consumer China will provide more support for the economy at a key policy meeting in December has also supported copper prices’ up-move.

Copper futures for March delivery gained 0.31% to settle at $4.1430 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.09 percent at $9,010.50 a ton.

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