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Copper futures settle higher as American currency weakens overseas

12 Mar 2025 Evaluate
Copper futures settled higher on Tuesday on improving demand as weakening American currency overseas makes copper cheaper for holders of other currencies. Meanwhile investors are awaited for key US inflation data to gauge the US Federal Reserve's interest rate path. However, tariff-induced fears around global growth have limited its price gains.

Copper futures for March delivery rose $0.0995 to settle at $4.7660 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.41 percent at $9,662.50 a ton.