Copper Erases Gains as Fed Easing in Doubt After US Jobs Data

Copper erased gains as traders cast doubt on a December rate cut by the Federal Reserve following a mixed US jobs report.

US job growth picked up in September following a decline in the prior month, and the unemployment rate rose to an almost four-year high of 4.4%, underscoring a number of cross-currents in a fragile labor market. Nonfarm payrolls increased 119,000 after the prior month was revised lower.