COMMODITY
Copper futures settle higher on Tuesday
Apr-23-2025
Copper futures settled higher on Tuesday amid easing concerns about the Federal Reserve's independence after President Donald Trump clarified that he has no intention of removing Federal Reserve Chairman Jerome Powell. Meanwhile, hopes of de-escalation in the US-China trade war also supported copper prices’ up-move. Investors are now awaiting remarks from several Fed officials later this week, seeking clarity on future interest rate directions. 

Copper futures for May delivery gained $0.1495 to settle at $4.8780 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.96 percent at $9,369 a ton.

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