COMMODITY
Copper futures end higher on Sino-US trade optimism
Dec-07-2019

Copper futures ended higher on Friday as trade optimism grew between the world's two largest economies after US President Donald Trump said trade discussions with China were ‘moving right along’. Copper prices improved further after data unexpectedly showed US employment gained at the fastest rate in 10 months in November, suggested the economy was not in danger of stalling.

Copper futures for March delivery added 2.3 percent to settle at $2.725 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 1.7 percent at $5,990 a ton.

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