Copper futures settle higher on weaker than expected US jobs data
Copper futures settled higher on Wednesday as weaker-than-expected US jobs data fuelled hopes that the US Federal Reserve might cut interest rates by September or sooner, while weakness in American currency also supported metal prices. But investors are cautious on US tariff uncertainty and waited for Trump's massive tax and spending bill to pass the House of Representatives for possible final approval.
Copper futures for September delivery gained $0.098 to settle at $5.1975 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.80 percent at $10,013 a ton.
