Copper is about to experience its sixth weekly decline amid concerns about demand. Gold is also up, but ready for a weekly fall amid hopes for the US debt ceiling

The price of copper rose on Friday thanks to improved sentiment, while heading for a sixth weekly loss due to persistent macroeconomic concerns. Three-month copper on the London Metal Exchange was up 0.8% to $8,025.50 per ton at 0415 GMT, but down 2.7% so far in

July's most traded copper contract on the Shanghai Futures Exchange rose 0.6% to 63,650 yuan per ton. Aluminum in LME remained stable at $2,230 per ton, tin fell by 0.8% to $24,420, lead slipped by 0.2% to $2,070, while nickel increased by 0.3% to $21,300 and zinc rose 1.4% to $2,303.50. Aluminum in SHFE increased by 1.8% to 17,900 yuan per ton, lead increased by 0.1% to 15,260 yuan, nickel increased by 1% to 167,720 yuan, tin increased by 1.1% to 199,150 yuan, and zinc increased by 0.5% to 19,250 yuan

Spot gold was up 0.3% to $1,945.39 per ounce at 0311 GMT, after reaching its lowest level since March 22 at $1,936.59. U.S. gold futures rose 0.1% to $1,945.90. However, the ingot has fallen by 1.6% since the start of the week

Cash rose 0.3% to $22.83, platinum rose 0.4% to $1,024.63, and palladium rose 0.3% to $1,420.40.