Copper Futures End Higher On Friday

Comex copper futures ended higher on Friday, while London copper prices too rose and reached their highest since April 7, as rising Chinese stock markets and strong European manufacturing data prompted investors to bet on higher prices. Further, the US currency weakened, supporting dollar-denominated metals by making them cheaper for holders of other currencies. Copper futures for July delivery rose 1 percent to settle at $2.624 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 1 percent at $5,800 a metric ton.

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