Copper hovers near five-month high on soft dollar – Markets

Copper prices in London were steady on Thursday, hovering around a five-month high hit in the previous session, supported by a softer dollar on bets of interest rate cuts by the US Federal Reserve.

Three-month copper on the London Metal Exchange was almost unchanged at $8,687.50 per metric ton by 0444 GMT.

The contract hit its highest since Aug. 1 at $8,715 in the previous session.

The…