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Copper futures settle higher as US dollar weakens overseas

16 Aug 2025 Evaluate
Copper futures settled higher on Friday as the US dollar weakened against its major peers overseas with strong expectations for a US interest rate cut in September. Copper prices improved further on hopes that weak Chinese economic data would prompt Beijing to roll out more stimulus measures. Data showed China’s factory output growth slowed to its weakest in eight months in July, while retail sales growth also decelerated sharply.

Copper futures for September delivery gained $0.013 to settle at $4.4925 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.08 percent at $9,773.50 a ton.


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