Copper futures settle higher on Wednesday
Copper futures settled higher on Wednesday even as stronger-than-expected private US payrolls data dented expectations of another interest rate cut by the US Federal Reserve in December. Meanwhile, optimism over demand following the US-China trade truce supported red metal prices to some extent.
Copper futures for December delivery rose $0.0375 to settle at $4.9860 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.32% at $10,697.50 a ton.
