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07-Sep2018

Copper futures end higher on weak US currency

Copper futures ended higher on Thursday as recent weakness in US currency that makes dollar-denominated metals cheaper for holders of other currencies, which could boost demand. But, escalating trade dispute between the United States and China capped some gains. US President Donald Trump has said he is prepared to quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more on Chinese imports as soon as a public comment period on the plan ends.

Copper futures for December delivery rose 1 percent to settle at $2.637 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 $5,927.5 a metric ton.


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