COMMODITY
Copper futures settle higher on rising demand hopes
Sep-06-2024
Copper futures settled higher on Thursday on rising demand hopes after Chinese President Xi Jinping pledged to step up China's support across debt-laden Africa with funding of nearly $51 billion, backing for more infrastructure projects and the creation of at least 1 million jobs. But traders are cautiously awaiting the closely watched monthly US jobs report later in the day for further cues on the outlook for interest rates. 

Copper futures for September delivery gained $0.0580 to settle at $4.0775 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.47 percent at $9,092 a ton.

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