Copper futures end higher on trade optimism

Copper futures ended higher on Friday on optimism about Sino-US trade talks that are set to resume on October 10-11 in Washington. However, slowdown in industrial activity in major economies capped further gains in metal prices. Trading activity was also low ahead of a week-long holiday in China, the world’s top metals consumer, starting on October 1.

Copper futures for December delivery gained 0.8 percent to settle at 2.5975 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.79 percent at $5,767 a ton.

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