Copper falls despite pressure on dollar

Copper prices fell on Friday, despite pressures on the US dollar against most of its peers.

Meanwhile, fears over the coronavirus pandemic returned to markets again, after the increase of infections in some countries, led by the UK.

US President Joe Biden administration stressed that it will increase its efforts to solve the supply chain crisis by directing the ports around the clock, to help continue the supply of goods and lowering prices.

One of the metals that are most sensitive to slowing economic activity is copper, which was lifted recently due to supply shortages and strong demand.

The dollar index fell against a basket of major currencies by 0.2% to 93.5 points as of 14:02 GMT, after hitting a high of 93.7 points and a low of 93.5 points.

Copper December futures fell 0.5% to $4.53 a pound, as of 14:00 GMT.