COMMODITY
Copper futures settle higher on Thursday
Jul-26-2024
Copper futures settled higher on Thursday, tracking improved buying interest from the world’s top metal consumer China and after the initial reading on second-quarter US GDP growth surpassed expectations. Copper process improved further on the back of a muted dollar ahead of personal consumption expenditure (PCE) price index data, which could offer more clues on when the US central bank will cut interest rates this year and by how much.

Copper futures for September delivery gained $0.0165 to settle at $4.1255 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.2 percent at $9,122 a ton. 
  RELATED NEWS >>