Copper Edges Lower as Risk-Off Mood Takes Hold Before US Data

Copper inched lower as a risk-off mood set in across markets ahead of US jobs data that could steer the debate about the extent of future interest-rate cuts.

Three-month futures fell toward $11,600 a ton in London, after gaining more than 1% on Monday. The jobs report due later Tuesday is expected to show a sluggish labor market, potentially aiding the case for looser monetary policy. Still, stocks and other risk assets weakened ahead of the release.