COMMODITY
Copper futures end higher on demand hopes
Aug-06-2020

Copper futures ended higher on Wednesday as expectations of higher demand amid central bank and government stimulus measures, while weakening of US dollar also boosted investors' sentiment. Further, Chinese manufacturing activity expanding at the fastest pace in nearly a decade in July too supported copper prices’ uptrend.

Copper futures for September delivery gained $0.0225 to settle at $2.9170 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.64% at $ 6,494.50 a ton.

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