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Copper futures climbed above $6.5 per pound on Monday, recovering some of last week’s losses as weaker-than-expected US jobs data reduced pressure on the Federal Reserve to raise interest rates further. Higher interest rates would generally weigh on non-yielding assets such as commodities. Longer-term demand expectatio
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.