COMMODITY
Copper futures settle higher on softer dollar
Nov-20-2024
Copper futures settled higher on Tuesday as a softer US dollar overseas makes copper more attractive to buyers holding other currencies. Meanwhile, investors were awaiting remarks by some Fed officials for further cues about the US interest rate trajectory. But some gains were limited by concerns about escalating tensions between the US and Russia over the war in Ukraine after Russian President Vladimir Putin updated the nuclear doctrine. 

Copper futures for December delivery gained 0.53% to settle at $4.1420 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.17 percent at $9,087.50 a ton.
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