COMMODITY
Copper futures end higher as dollar weakens
Jul-30-2021

Copper futures ended higher on Thursday as US dollar weakened after Federal Reserve Chairman Jerome Powell said at the conclusion of the latest Federal Reserve meeting that US interest rate hikes are still a distant event, which makes dollar-priced metals cheaper to holders of other currencies.

Copper futures for September delivery gained $0.0415 to settle at $4.5235 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.42 percent at $9,823.50 a ton.

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