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Copper futures settle higher even as dollar gains over fed decision

29 Jan 2026 Evaluate
Copper futures settled higher on Wednesday, even as the American currency held gains against its major peers overseas after the US Federal Reserve overnight kept its interest rates steady at a target range of 3.5% to 3.75%. Copper is being supported by recurring supply tightness and robust industrial demand, particularly driven by the global transition to renewable energy and artificial intelligence.

Copper futures for March delivery rose $0.0635 to settle at $5.9250 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.62% at $13,086.50 a ton.

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