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Copper futures settle higher despite strong American currency overseas

19 Dec 2024 Evaluate
Copper futures settled higher on Wednesday on firm demand, even as the American currency strengthened against its major peers overseas after the US Federal Reserve delivered a widely expected interest rate cut and signalled a slowdown in the pace of monetary easing next year.

Copper futures for March delivery gained $0.0105 to settle at $4.1570 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.43 percent at $9,028.50 a ton.