Copper Edges Higher on Weaker Dollar, Supply Concerns
Copper prices saw a modest increase on Friday, influenced by a softer U.S. dollar and supply-side issues. However, concerns about high oil prices potentially impacting demand capped significant gains. Benchmark three-month copper on the London Metal Exchange was up 0.3% at $14,289 a metric ton.
Copper prices edged higher on Friday, helped by a weaker dollar and supply concerns, though gains were limited by worries that high oil prices could curb demand. Benchmark three-month copper LME:CA1! 3% at $14,289 a metric ton by 1000 GMT.