FX.co ★ Copper Rises on Weaker Dollar

Copper futures rose to over $5.9 per pound on Monday, breaking a two-day losing streak amid a weakened dollar, influenced by concerns over the potential economic ramifications of US President Donald Trump's tariff threats aimed at European nations concerning Greenland. Investors were also evaluating mixed signals from China, the leading consumer, where the country's 2025 GDP growth met Beijing's 5% target. However, December saw a continued decline in new home prices, underscoring persisting pressures in the real estate sector. The previous week, copper prices had dropped significantly from record levels following the US decision to postpone tariffs on essential minerals. Copper's inclusion in the US critical minerals list last year highlighted its vital role in national security, defense technology, and electrical grid infrastructure. Meanwhile, China directed mainland exchanges to eliminate servers run by high-frequency trading firms from their data centers, part of a broader strategy to mitigate risks in capital markets.