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London copper gains as weaker US dollar lends support
London copper rose on Monday, helped by a softer dollar after weaker-than-expected U.S. jobs data boosted bets for a Federal Reserve interest rate cut in September. Three-month copper on the London Metal Exchange was up 0.4% at $9,665.50 per metric ton, as of 0414 GMT. The most-traded copper contract on the Shanghai Futures Exchange was steady at 78,240 yuan ($10,898.45) a ton. The dollar index fell 0.4% against a basket of rivals after a dismal U.S. jobs report and firing of a top labour official by President Donald Trump stunned investors and led them to ramp up bets for imminent Fed rate cuts. A weaker dollar ... (full story)
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- Aug 4, 2025 2:55am Posted byFundamental Analysis229
