Copper futures end higher on hopes for trade deal

Copper futures ended higher on Wednesday, buoyed by hopes for a US-China trade deal and stronger economic growth in world’s top metals consumer China. The White House said that top US officials will travel to Beijing for trade talks beginning on April 30, with one leading official expressing optimism about striking a deal. However, some gains were capped by the US dollar, which was steady on Wednesday after rising to a 22-month high.

Copper futures for May delivery rose 0.6 percent to settle at $2.91 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.6 percent at $6,448 a tonne.

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