Copper higher amid hopes for Fed, ECB stimulus

On Tuesday, futures for copper were traded higher in European morning trade, as traders continued to hope that the ECB and the Fed will act soon to support their economies. On the Comex, December delivery futures for copper were traded at USD3.486 per pound, which was a 0.85% gain during that trading session. Earlier in the day, copper hit USD3.495, rising by 1.1%.