Copper Extends Retreat From Five-Month Peak Ahead of US Data

Copper fell for a second day on the London Metal Exchange as base metals staged a broad retreat and the dollar gained ahead of key jobs data from the US later this week.

The red metal closed down 0.8% at $9,898 a metric ton Thursday after hitting its highest since March in intraday trading Wednesday. The next major event for the markets is on Friday, with a US payrolls report that should steer the Federal Reserve’s next moves on interest rates.