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Copper futures settle higher on weaker dollar overseas

07 May 2026 Evaluate
Copper futures settled higher on Wednesday as the US dollar weakened against its major peers overseas on hopes that the United States and Iran are close to a one-page memorandum of understanding to end the war in the Gulf, which decreased fears of supply chain disruptions. Copper prices also improved by structural demand from massive capital expenditure in AI infrastructure. Investors are now focused on Friday's monthly US employment report to gauge labour market resilience and its impact on the Fed’s monetary policy stance.

Copper futures for July delivery rose $0.1935 to settle at $6.1865 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.96% at $13,392.00 a ton.


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