Copper and other industrial metals rose on Friday as a softer dollar and lower market odds of Fed rate hikes pushed prices toward ending a two‑week decline. Softer US jobs data trimmed rate‑hike bets and eased some downside pressure on industrial dem

2026-07-03

Copper and other industrial metals rose on Friday as a softer dollar and lower market odds of Fed rate hikes pushed prices toward ending a two‑week decline. Softer US jobs data trimmed rate‑hike bets and eased some downside pressure on industrial demand. The dollar index fell for a second day, making metals cheaper in other currencies. Industrial metals had been pressured in recent weeks after US policymakers signaled greater willingness to tighten policy. Futures analysts said: "Oil's decline and weak US employment data have weakened the dollar, which is positive for copper, but persistent weakness in traditional industries will cap any rally."