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Copper futures climbed toward $6.60 per pound on Monday, recovering from last week’s losses as stronger-than-expected economic data from China, the world’s largest consumer, improved the demand outlook. China’s economy grew 4.5% in the third quarter, accelerating from a three-year low of 4.3% in the second quarter and
Gold futures declined for a third session in four as a stronger U.S. dollar and firmer U.S. yields capped demand. Silver also fell, with the market looking ahead to Federal Reserve minutes for rate guidance.
Commerzbank's Antje Praefcke says the euro is unlikely to rebound soon because of concern over France's public finances. The euro fell 0.7% to $1.1181 after touching a 16-month low of $1.1160 on Monday.
Newmont Corporation shares trade higher Friday as spot gold holds above $4,500 an ounce and the company says former BHP CFO Peter Beaven will join its board Sept. 1.