COMMODITY
Copper futures settle higher on softer American currency overseas
Jan-31-2025
Copper futures settled higher on Thursday as a softer American currency after weaker than expected US growth data for the fourth quarter of 2024, makes commodities priced in the US currency cheaper for buyers using other currencies. Meanwhile, investors are awaiting US president Trump’s decision on tariff threats and a key US inflation report to assess the Federal Reserve's policy path.

Copper futures for March delivery gained $0.0245 to settle at $4.3075 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.67 percent at $9,128.50 a ton.

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