COMMODITY
Copper futures end higher on Thursday
Jun-21-2019

Copper futures ended higher on Thursday after the US Federal Reserve signalled interest rate cuts and investors hoped that the economy of top metals consumer China would recover. Copper prices improved further as the dollar weakened following the Fed announcement, making dollar-denominated metals cheaper for holders of other currencies.

Copper futures for July delivery rose 1.2 percent to settle at $2.712 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange closed up 0.9 percent to $5,973 a metric ton.

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