Prices rose due to a weaker US dollar.

Copper futures on the London Metal Exchange (LME) rose 0.7% in three-month contracts.

Three-month copper futures on the London Metal Exchange (LME) rose 0.7% to $9,569 a ton at 06:47 GMT, while the most actively traded December copper contract on the Shanghai Futures Exchange (SHFE) gained 0.1% to 76,570 yuan ($10,748.63) a ton.

The LME currency is set to decline for the fifth consecutive week, down 0.4% so far this week.

The US dollar index was heading for its first weekly loss in five weeks and stabilized on Friday, as investors awaited the US jobs report ahead of the Federal Reserve's monetary policy meeting and the US presidential election next week.

The outcome of the November 5th election will determine how the policies of the world's largest economy will be shaped over the next four years.

"The far-reaching implications of the election for global economic policies and trade relations solidify its position as the primary catalyst for current metal price volatility," analysts at BMI stated.

China's legislature will convene from November 4-8, and market participants are hoping that stimulus measures could boost demand for physical metals.

Import insurance premiums for copper into China remained stable at $48 per ton, down from $69 last month, indicating weaker demand.

LME aluminum rose 0.7% to $2,636 per ton, nickel increased 0.8% to $15,840, zinc gained 0.5% to $3,043.50, lead advanced 1.3% to $2,046.50, and tin advanced 0.2% to $31,275.

Aluminum prices on the SHFE rose 0.2% to 20,780 yuan/tonne, tin prices increased 0.7% to 255,970 yuan, lead prices rose 0.9% to 16,840 yuan, nickel prices increased 0.1% to 123,930 yuan, while zinc prices fell 1.1% to 24,865 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-2-11-tang-gia-do-dong-usd-yeu-hon.html