Copper futures settle higher on weakening American currency overseas
Copper futures settled higher on Thursday driven by a weakening American currency overseas on speculation US President Donald Trump may announce the next Federal Reserve chief in September, which fuelled fresh bets on US interest rate cuts. Besides, easing concerns about Middle East tensions also added to the upbeat mood.
Copper futures for July delivery gained $0.149 to settle at $5.1205 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.93 percent at $9,899.50 a ton.
