Copper and Other Metals Gain on Weak Dollar, China Stimulus Hope
- Currency declines as investors walk back bets on a Trump win
- BMI raises its average aluminum price forecast for this year
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Copper, aluminum and other base metals climbed as the dollar weakened ahead of the US presidential election, and on the prospect of more stimulus measures from Chinese authorities.
A gauge of the US currency fell as investors walked back bets on Donald Trump winning the election, with the latest polls indicating Kamala Harris was gaining ground. A weaker dollar makes commodities cheaper for buyers using other currencies.