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21-Sep2018

Copper futures end higher on weak dollar

Copper futures ended higher on Thursday, supported by a weaker US dollar, with the currency sliding to a seven-week low against a basket of major currencies. However, concerns over the health of the global economy following escalating trade disputes between the US and China and higher U.S. interest rates, capped some gains. Investors widely expect the US Federal Reserve to increase interest rates next week, but future monetary policy remains uncertain.

Copper futures for December delivery added 0.4 percent to settle at $2.74 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 0.6 per cent at $6,082 a metric ton.


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