Copper continues to slide despite falling dollar

Copper prices fell on Thursday, while the US dollar fell against most majors, amid concerns about the Chinese government's measures to curb prices.

Copper was weighed down recently after Beijing decided to release copper and zinc from its national reserves to reduce prices.

With these measures, the Chinese government aims to curb prices in the domestic market, which have spiked recently.

The coronavirus pandemic continues to cast its shadows on global markets, especially after the new highly transmissible delta strain emerged in some countries.

The dollar index fell against a basket of major currencies by 0.1% to 91.7 points as of 13:43 GMT, after hitting a high of 91.8 points and a low of 91.6 points.

Copper September futures fell 0.6% to $4.29 per pound as of 13:42 GMT, after hitting a high of $4.31 and a low of $4.25.