Copper Falls on Soft Chinese Growth, Easing Fed Rate Cut Bets

Copper and aluminum trimmed their weekly gains after China’s economic activity cooled more than expected in October, weighing on the demand outlook for the world’s top metal-consuming country.

Easing bets on a December interest rate cut by the Federal Reserve also weighed on industrial metals. Investors were concerned that releases of economic data after the US government reopened may not show enough weakness to justify lower rates.