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Copper tiptoes higher on weaker dollar, tight Chinese supplies
LONDON: Copper prices crept higher on Friday, boosted by a weaker dollar and shortages in China, but gains were modest as investors remained wary about the potential for more rate hikes that could dampen metals demand. Benchmark three-month copper on the London Metal Exchange rose 0.2% to $14,645 a metric ton in official open-outcry trading, a 0.8% increase from last week’s close. Financial markets including industrial metals have been roiled by bond markets, which have been hit hard by the inflationary concerns unleashed by higher energy prices. Oil prices dipped on Friday and the dollar pull...
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