COMMODITY
Copper futures settle higher on improved demand
Oct-17-2024

Copper futures settled higher on Wednesday on improved demand with expectations that top consumer China will reveal more stimulus measures for its ailing property sector. However, some gains were limited by firm American currency following the prospect of a Donald Trump presidency and expectations the US central bank will be less aggressive in easing interest rates.

Copper futures for December delivery rose $0.03 to settle at $4.3675 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.29 percent at $9,558.50 a ton. 


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