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Copper crawls higher on softer dollar, but investors wary about demand
LONDON: Copper prices edged higher on Friday, supported by a weaker dollar and supply issues, but gains were modest due to worries about high oil prices hitting demand. Benchmark three-month copper on the London Metal Exchange was up 0.3% at $14,289 a metric ton by 1000 GMT. That marked a decline of 2% since the end of last week. “Metals have seen light turnover again so far this session with copper finding some support with a slightly softer dollar, but the broader tone remains cautious,” Neil Welsh, head of metals at broker Britannia Global Markets, said in a note. “High energy costs stemmin...
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