Copper futures settle higher on muted US dollar.

Copper futures settled higher due to a weakened US dollar and increased demand from China, the world's top metal consumer. The closure of a Chinese copper plant after a fatal accident also contributed to the rise in copper prices. Traders are closely monitoring upcoming reports on US inflation and retail sales, as well as China's urban investment and loans data, which could impact the likelihood of rate cuts in September. Copper futures for September delivery settled at $4.0685 a pound on the New York Mercantile Exchange, while copper on the London Metal Exchange increased by 1.8 percent to $9,026.50 a ton. [Extracted from the article]