Copper price rises as China reports no new covid-19 cases

Copper prices rose on Monday as the risk-on sentiment spilled over from the equities market, reinforced by optimism over economic recovery after top consumer China reported no new local covid-19 cases for the first time since July.

Gold ekes out gains as virus fears buoy appeal

Gold edged higher on Friday, helped by worries over a spike in COVID-19 cases that could muddy the global economic outlook, but gains were capped as it had to compete with the dollar to attract investors seeking safe-haven assets.