Copper prices are hovering around month-and-a-half lows as LME copper futures fell 0.3% to $9,011.50 a tonne, while December copper futures fell 0.5% to $4.0915 a pound.
Both contracts were on the verge of making slight gains this week, after recording seven consecutive weeks of heavy declines.
Copper has been hit by growing concerns about slow stimulus measures in China, the world’s largest copper importer.
The dollar rose to its highest level in 13 months this week, amid growing uncertainty about the Federal Reserve’s plans to cut interest rates further. Traders were also seen bracing for higher prices under Donald Trump’s presidency, given that he is expected to enact more expansionary policies.
Spot gold rose 0.7% to $2,688.70 an ounce, while gold futures expiring in December rose 0.6% to $2,690.70 an ounce.
