Comex Copper Price Higher on Weaker US Dollar

The Wall Street Journal reported that copper prices rose Thursday on the back of a weaker US dollar. Recent news of cupply cuts from China also boosted copper’s outlook.
As quoted in the publication:

The most actively traded contract, for March delivery, was recently trading 0.85 cents, or 0.4%, higher at $2.0410 a pound on the Comex division of the New York Mercantile Exchange.

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