Copper falls on profit-taking

Copper prices fell on Friday, despite the US dollar's fall against most of its peers, weighed down by technical sales and profit-taking from yesterday's jump above $7,000/tonne in LME.

Investors are anticipating the release of China's official inventories data, amid expectations that Beijing increased its stocks of the red metal due to concerns over the second wave of the coronavirus infections.

Otherwise, no agreement has been reached on the US second Covid-19 aid package, but House Speaker Nancy Pelosi hinted the progress has been made in the negotiations.

The dollar index fell against a basket of currencies by 0.1% to 92.8 points as of 14:42 GMT, after hitting a high of 93.1 and a low of 92.6.

Copper December futures fell 0.4% to $3.13 per pound as of 14:43 GMT, with a day high of $3.16 and a low of $3.12.