Copper Gets Bumped Up to $5,484

A decline in U.S. capital goods helped push copper higher on the London Metal Exchange Wednesday, according to Reuters.

With experts forecasting the U.S. Federal Reserve will hold off on raising interest rates due to a weaker dollar caused by a drop in capital goods orders, copper rose 1.2 percent to reach $5,484 a tonne on the LME.

Meanwhile, on the Comex, copper increased 1.9 cents, or 0.79 percent, to trade at $2.482 per pound, according to Investing.com.