Due to the strength of the dollar, large stocks, and reduced risk appetite, the price of copper was on track to suffer a weekly loss on Friday.

Copper at three months on the London Metal Exchange (LME) was up 1.0% to $8,272 per metric ton at 1028 GMT. Its fall of 1.8% the day before was the biggest daily drop since August 1, with Nitesh Shah, commodity strategist at WisdomTree saying that “base metal prices fell too much yesterday, they are reversing now as

When it comes to other precious metals, LME aluminum increased by 1.2% to $2,238. Zinc was up 1.8% to $2,558.5, lead strengthened 1.0% to $2,205, and tin added 0.1% to $25,635. Nickel at LME gained 1.2 percent to $19,360 per ton. The metal hit $19,100, its lowest level since July 2022, on Thursday, as INSG data showed that the global nickel market surplus widened in July