Copper Holds Loss as Equity Rout, Strong Dollar Weigh on Metals

Copper held losses after four days of declines as a stronger dollar puts pressure on commodities and a global equities rout undermines broader market sentiment.

The wiring metal traded near $10,650 at ton on the London Metal Exchange, following the longest losing streak since July in a pullback from last month’s rally to a record. Most other industrial metals crept lower as concerns over valuations dragged stocks down for a second day.