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.
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