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Copper futures settle higher on Thursday

27 Dec 2024 Evaluate
Copper futures settled higher on Thursday boosted by firm demand and a slight weakness in the US dollar, while investors awaited signals on the US economy under the incoming Trump administration and the US Federal Reserve's interest rate strategy for 2025. Copper prices improved further by optimism that economic stimulus efforts will prompt a recovery in the world's top metal consumer China.

Copper futures for March delivery gained $0.0175 to settle at $4.1275 a pound on the Comex metals division of New York Mercantile Exchange. 

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