COMMODITY
Copper futures settle higher on Tuesday
Dec-26-2024
Copper futures settled higher on Tuesday after reports that China planned to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year to revive a faltering economy. But investors are remained cautious with the strengthening American currency following the US Federal Reserve’s hawkish tilt. Commodity market remained closed for trading on Wednesday on account of Christmas holiday.

Copper futures for March delivery gained $0.025 to settle at $4.11 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.43 percent at $8,950.50 a ton.

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