Copper resumes losses as dollar strengthens

Copper prices fell on Monday as the dollar rose against most major rivals, with the industrial metal resuming its losing tune once more ahead of the G20 Summit.

The summit will be held in India with US President Joe Biden expected to meet his Chinese counterpart Xi Jinping to discuss latest developments on world stage, and trade relations.

China is the world's largest consumer of industrial metals, and after letting up some of its strict Covid 19 restrictions last week, copper was transiently boosted.

Copper got another recent boost as the dollar fell sharply following US inflation data which showed a slowdown in consumer prices in October. 

The dollar index rose 0.7% to 107 as of 15:00 GMT, with a session-high at 107.2, and a low at 106.4. 

Copper futures due in December slid 1.6% to $3.85 a pound as of 14:56 GMT.