Copper soars over 1% despite coronavirus worries

Copper futures rose on Friday, as the US dollar fell against most currencies, despite fears over the coronavirus crisis.

After Johns Hopkins University reported that infections to more than 12 million confirmed cases worldwide, the global markets have been thick with worries over reimposing the coronavirus restrictions.

White House chief medical advisor Anthony Fauci hinted the possibility of a return of the public lockdown in some US states. 

The US health authorities reported that coronavirus infections saw a spike by 63,000 new cases today, .

The dollar index fell against a basket of currencies by 0.2% to 96.5 points as of 13:31 GMT, after it hit a high of 96.9 and a low of 96.5.

Copper September futures rose 1.5% to $2.88 per pound as of 13:30 GMT, after hitting a session-high of $2.88 and a low of $2.82.