Copper futures settled higher on Monday, helped by dollar's weakness overseas with an increasing conviction that the US Federal Reserve will cut interest rates this week. Moreover, optimism over a possible US-China trade deal and supply woes following disruptions at some of the world's biggest mines have also supported copper price increases.
Copper futures for December delivery gained $0.049 to settle at $5.1715 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.61% at $11,029 a ton.