COMMODITY
Copper futures settle higher on improved demand
Feb-13-2025

Copper futures settled higher on Wednesday on improved demand globally following expectations of aggressive fiscal stimulus from the Chinese government. Although some gains were limited as the US dollar strengthened against its major peers overseas after data showed US consumer prices rose more than expected in January raised the expectations that the US Federal Reserve will hold interest rates higher for longer as it battles to bring down price pressures.

Copper futures for March delivery gained $0.1035 to settle at $4.7045 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.03 percent at $9,454.50 a ton.


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