Dollar Decline Leads to Copper's New Weekly Gains

Copper prices increased during the week, supported by a decline in the dollar, which helped boost its attractiveness. The price of copper on the London Metal Exchange rose by 0.29% to reach $13,528 per ton. It also increased on the Shanghai Exchange by 1.61% to 103.95 yuan ($15,334.8) per ton. Overall, weekly gains amounted to approximately 1.2%, amid a decrease in concerns related to tensions between the United States and Iran and expectations of the dollar remaining low.

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