COMMODITY
Copper futures settle higher on weaker dollar
May-07-2025

Copper futures settled higher on Tuesday as the US dollar eased against its major peers overseas, which makes copper cheaper for holders of other currencies and increasing global demand. However, some gains were limited as investors closely watched potential developments in tariff negotiations between the US government and its trading partners, and also awaited the US Federal Reserve’s next policy signal.

Copper futures for May delivery gained $0.079 to settle at $4.7780 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.84 percent at $9,538 a ton.

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