Copper futures end flat with positive bias on Wednesday
Copper futures ended flat with positive bias on Wednesday with expectations that the conflict in Iran could soon de-escalate after US President Donald Trump said the war was nearing its end, as Pakistan’s army chief arrived in Tehran to help secure an extension of the ceasefire, which is set to expire on Tuesday. Meanwhile, a softer dollar also makes copper cheaper for international buyers using other currencies.
Copper futures for May delivery rose $0.0015 to settle at $6.0850 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down by 0.28% at $13,247.50 a ton.
