COMMODITY
Copper futures settle higher on Friday
Dec-21-2024
Copper futures settled higher on Friday as the American currency pulled back from its 2 year high after a slowdown in PCE inflation for November raised expectations of more interest rate cuts by the US central bank next year. However, looming US tariffs on Chinese goods and uncertainties surrounding China's demand outlook continued to pressure copper prices and limited further gains.

Copper futures for March delivery gained $0.0235 to settle at $4.1005 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.65 percent at $8,941 a ton.

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