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25-May2018

Copper futures end higher as dollar weakens

Copper futures ended higher on Thursday as dollar weakened by profit-taking tied to dovish Federal Reserve minutes and the dumping of risky assets due to the cancellation of the widely anticipated summit between the United States and North Korea, scheduled for June 12.

Copper futures for July delivery rose 0.8 percent to settle at $3.096 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 0.2 percent at $6,880 a metric ton.


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