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22-Aug2018

Copper futures end higher on Tuesday

Copper futures ended higher on Tuesday as the dollar retreated from recent highs and the market waited for talks on the US-Chinese trade dispute. A lower US currency makes dollar-denominated commodities cheaper for holders of other currencies, which potentially would boost demand.

Copper futures for September delivery added 1 percent to settle at $2.696 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended up 0.9 percent at $6,045 a metric ton.


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