COMMODITY
Copper futures settle higher on Monday
Jul-07-2026
Copper futures settled higher on Monday on the back of a weaker US dollar, fading expectations of Federal Reserve interest rate hikes, and strong industrial demand. Copper also supported by lingering concerns over global mine supplies. Additionally, copper received a boost as some Chinese funds shifted into metal stocks and futures ahead of expected solid first-half earnings from producers. Meanwhile investors awaited the minutes of the Federal Reserve’s June policy meeting and the upcoming US inflation report for fresh clues on the outlook for interest rates. 

Copper futures for September delivery rose $0.063 to settle at $6.2320 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.28% at $13,403.50 a ton.
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