Copper continues to rise, shrugs off rising dollar

Copper prices rose on Friday, despite the US dollar's rise against most majors.

The World Health Organization stated that coronavirus infections have increased in the US, Europe and Asia due to the new Delta strain, which has renewed fears of the pandemic spreading out of control.

Efforts to contain the coronavirus pandemic are continuing around the world, especially after the emergence of the new highly spreading Delta variant.

Bear in mind that copper is also being lifted by optimism about the global economy, especially as it used in many industrial activities such as cars and electrical appliances.

The dollar index rose against a basket of major currencies by 0.1% to 92.9 points as of 13:41 GMT, after hitting a high of 93.02 points and a low of 92.7 points.

Copper September futures rose 0.4% to $4.35 per pound as of 13:38 GMT.