Copper price rises as dollar retreats

Copper prices ticked up on Friday as the US dollar pulled back from a three-month high.

Copper for delivery in September rose 2.45% from Thursday’s settlement price, touching $4.369 per pound ($9,611 per tonne) midday Friday on the Comex market in New York.

The most-traded August copper contract on the Shanghai Futures Exchange finished daytime trading 0.1% lower at 68,920 yuan ($10,622.20) a tonne but was still on course for a weekly gain.