2025-12-12 01:02:06 pm | Source: Accord Fintech
Copper futures settle higher on weak dollar overseas
Copper futures settled higher on Thursday as the American currency weakened against its major peers overseas after the Federal Reserve delivered a less hawkish outlook than markets had expected following its 25-basis-point interest-rate cut. Moreover, global supply tightness and policy support from both China and the United States have also supported copper prices.
Copper futures for March delivery rose $0.148 to settle at $5.5015 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 2.73% at $11,872 a ton.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Virat Industries jumps on getting nod to incorporate...
Honasa Consumer surges on planning to acquire BTM Ve...
Shilpa Medicare soars on getting initial authorizati...
Inito raises $29M in Series B, led by Bertelsmann In...
Thirumalai Chemicals shines as its arm starts pre-co...
Gold futures trade higher with positive global rates
Crude oil futures gain on firm demand
Crude oil futures end lower on Thursday
Turmeric futures trade higher on tight supply
Gold futures finish sharply higher after Fed rate cut
