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Copper futures settle higher on weaker dollar

24 Jan 2025 Evaluate

Copper futures settled higher on Thursday as weakness in US dollar index makes copper Cheaper for buyers using other currencies. Copper prices improved further after comments from US President Donald Trump called for lower interest rates, while investors awaited a round of policy announcements from global central banks.

Copper futures for March delivery gained $0.0275 to settle at $4.3285 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 $9,232 a ton.


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