COMMODITY
Copper futures end higher on hopes of partial trade deal
Oct-18-2019

Copper futures ended higher on Thursday after China's commerce ministry said that the Country hoped to reach a phased agreement with the United States over trade as soon as possible and make progress on cancelling tariffs on each others' goods. Moreover, a sharp fall in the US dollar supported industrial metal prices as a weak dollar makes dollar-denominated metals cheaper for buyers holding other currencies.

Copper futures for December delivery added 0.3 percent to settle at $2.5975 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange closed up 0.2 percent at $5,739 a ton.

  RELATED NEWS >>