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Copper rises on China stimulus hopes
Copper futures rose on Monday, amid expectations for the Chinese government to pump extra fiscal and monetary stimulus.
This came despite the escalating US-China tensions over the new Hong Kong's national security legislation, and Washington's accusations of Beijing mishandling the coronavirus outbreak, which resulted in the global crisis.
Bank of America forecast copper prices will rise 5.4% to $5,621 per tonne in 2020 and will rise to $6,250 next year.
The dollar index fell against a basket of currencies by 0.2% to 98.1 points as of 13:28 GMT, after it hit a high of 98.3 and a low of 97.8.
Copper July futures rose 0.1% to $2.42 per pound as of 13:22 GMT, after hitting a session-high of $2.46 and a low of $2.42.
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