Copper futures remain close to multi-month highs on Friday
Copper futures remained close to multi-month highs on Friday amid fears that US import tariffs could soon extend to refined copper, adding to already tight global supply conditions. Copper prices gained further after a tame US inflation report reinforced expectations that the Federal Reserve will cut interest rates at its final meeting of the year next week.
Copper futures for March delivery gained $0.0885 to settle at $5.4620 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.49% at $11,620.50 a ton.
